SR Bancorp (NASDAQ:SRBK) Stock Rating Upgraded by Wall Street Zen

SR Bancorp (NASDAQ:SRBK) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Friday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SR Bancorp in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

SR Bancorp Stock Down 0.4%

NASDAQ SRBK opened at $14.87 on Friday. The firm has a market cap of $129.52 million, a PE ratio of 33.80 and a beta of 0.57. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. SR Bancorp has a 52 week low of $10.54 and a 52 week high of $15.45. The business’s fifty day simple moving average is $14.71 and its 200-day simple moving average is $13.62.

SR Bancorp (NASDAQ:SRBK) last posted its earnings results on Thursday, July 31st. The company reported $0.06 EPS for the quarter. SR Bancorp had a net margin of 7.70% and a return on equity of 1.74%. The firm had revenue of $7.97 million for the quarter.

Institutional Investors Weigh In On SR Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in SR Bancorp by 4,158.2% in the second quarter. Bank of America Corp DE now owns 3,364 shares of the company’s stock valued at $45,000 after buying an additional 3,285 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of SR Bancorp during the second quarter worth approximately $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of SR Bancorp during the second quarter worth approximately $58,000. New York State Common Retirement Fund purchased a new stake in shares of SR Bancorp during the second quarter worth approximately $103,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of SR Bancorp during the second quarter worth approximately $155,000. Hedge funds and other institutional investors own 24.70% of the company’s stock.

SR Bancorp Company Profile

SR Bancorp, Inc operates as the holding company for Somerset Regal Bank that provides customary retail and commercial banking services to individuals, businesses, and local municipalities in the communities of Somerset, Middlesex, Hunterdon, and Essex counties in New Jersey. It offers deposit instruments, including noninterest-bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit.