SR Bancorp, Inc. (NASDAQ:SRBK) Short Interest Down 33.1% in October

SR Bancorp, Inc. (NASDAQ:SRBK) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 319,600 shares, a decrease of 33.1% from the September 30th total of 477,500 shares. Based on an average daily volume of 32,200 shares, the short-interest ratio is currently 9.9 days. Currently, 4.4% of the company’s stock are short sold. Currently, 4.4% of the company’s stock are short sold. Based on an average daily volume of 32,200 shares, the short-interest ratio is currently 9.9 days.

Institutional Trading of SR Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Arcus Capital Partners LLC bought a new stake in shares of SR Bancorp during the 1st quarter valued at about $483,000. Mink Brook Asset Management LLC boosted its stake in SR Bancorp by 27.7% in the first quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company’s stock valued at $4,330,000 after acquiring an additional 78,811 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SR Bancorp during the second quarter valued at approximately $58,000. Marshall Wace LLP acquired a new stake in shares of SR Bancorp during the 2nd quarter worth approximately $434,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of SR Bancorp in the 2nd quarter worth approximately $155,000. Institutional investors own 24.70% of the company’s stock.

SR Bancorp Stock Up 0.3%

NASDAQ:SRBK opened at $14.76 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $128.52 million, a price-to-earnings ratio of 39.89 and a beta of 0.57. SR Bancorp has a one year low of $10.75 and a one year high of $15.45. The stock has a 50-day simple moving average of $14.89 and a 200 day simple moving average of $14.04.

SR Bancorp (NASDAQ:SRBK) last released its earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter. The company had revenue of $8.16 million for the quarter. SR Bancorp had a return on equity of 1.41% and a net margin of 6.28%.

SR Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. SR Bancorp’s payout ratio is currently 54.05%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SRBK. Wall Street Zen raised SR Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings raised SR Bancorp from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

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.