Insider Buying: SR Bancorp (NASDAQ:SRBK) CFO Purchases $49,200.00 in Stock

SR Bancorp, Inc. (NASDAQ:SRBK) CFO Harris Faqueri purchased 3,000 shares of the stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $16.40 per share, with a total value of $49,200.00. Following the acquisition, the chief financial officer directly owned 13,000 shares in the company, valued at $213,200. This represents a 30.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

SR Bancorp Stock Performance

NASDAQ:SRBK opened at $16.65 on Monday. The stock’s 50-day simple moving average is $16.89 and its 200 day simple moving average is $15.88. The firm has a market capitalization of $138.86 million, a PE ratio of 46.25 and a beta of 0.55. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27. SR Bancorp, Inc. has a twelve month low of $11.38 and a twelve month high of $18.04.

SR Bancorp (NASDAQ:SRBK) last released its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $8.37 million during the quarter, compared to the consensus estimate of $8.50 million. SR Bancorp had a net margin of 5.82% and a return on equity of 1.27%.

SR Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. SR Bancorp’s payout ratio is 55.56%.

Institutional Trading of SR Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of SR Bancorp in the 2nd quarter valued at about $58,000. Geode Capital Management LLC raised its position in shares of SR Bancorp by 94.5% during the second quarter. Geode Capital Management LLC now owns 187,005 shares of the company’s stock worth $2,525,000 after acquiring an additional 90,873 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of SR Bancorp by 28.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 63,891 shares of the company’s stock worth $1,006,000 after acquiring an additional 14,183 shares during the last quarter. Covalent Partners LLC lifted its stake in shares of SR Bancorp by 49.0% in the fourth quarter. Covalent Partners LLC now owns 60,000 shares of the company’s stock worth $944,000 after acquiring an additional 19,740 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in SR Bancorp by 16.2% in the fourth quarter. Panagora Asset Management Inc. now owns 28,404 shares of the company’s stock valued at $447,000 after acquiring an additional 3,950 shares during the last quarter. 24.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of SR Bancorp in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, SR Bancorp currently has an average rating of “Hold” and an average price target of $16.00.

SR Bancorp Company Profile

SR Bancorp, Inc is a bank holding company that provides a broad array of banking and financial services through its wholly owned subsidiary. The firm focuses on serving community markets and maintaining close relationships with individuals, small businesses and local institutions.

Its product suite includes traditional deposit accounts such as checking and savings, certificates of deposit and money market accounts. On the lending side, SR Bancorp offers consumer, residential mortgage and commercial loans, as well as specialized lending solutions for small and mid-sized businesses.