SR Bancorp, Inc. (NASDAQ:SRBK) Short Interest Update

SR Bancorp, Inc. (NASDAQ:SRBK) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 489,013 shares, a growth of 30.8% from the December 15th total of 373,746 shares. Based on an average trading volume of 36,700 shares, the short-interest ratio is currently 13.3 days. Currently, 6.2% of the company’s stock are sold short. Currently, 6.2% of the company’s stock are sold short. Based on an average trading volume of 36,700 shares, the short-interest ratio is currently 13.3 days.

Analyst Ratings Changes

Several brokerages recently commented on SRBK. Weiss Ratings raised shares of SR Bancorp from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, October 8th. Hovde Group initiated coverage on shares of SR Bancorp in a research note on Tuesday, November 18th. They set a “market perform” rating and a $16.00 price target on the stock. Finally, Wall Street Zen cut shares of SR Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.00.

SR Bancorp Stock Performance

Shares of NASDAQ:SRBK traded up $0.05 during midday trading on Friday, reaching $16.57. The company’s stock had a trading volume of 31,101 shares, compared to its average volume of 33,189. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $15.89 and a 200 day moving average of $15.07. SR Bancorp has a twelve month low of $11.36 and a twelve month high of $17.10. The firm has a market capitalization of $141.34 million, a PE ratio of 44.78 and a beta of 0.54.

SR Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. SR Bancorp’s dividend payout ratio (DPR) is presently 54.05%.

Institutional Trading of SR Bancorp

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in SR Bancorp by 94.5% during the second quarter. Geode Capital Management LLC now owns 187,005 shares of the company’s stock valued at $2,525,000 after acquiring an additional 90,873 shares in the last quarter. Marshall Wace LLP purchased a new stake in SR Bancorp in the 2nd quarter worth approximately $434,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of SR Bancorp during the 2nd quarter worth approximately $392,000. Jane Street Group LLC purchased a new position in shares of SR Bancorp during the 1st quarter valued at approximately $263,000. Finally, Two Sigma Investments LP purchased a new stake in shares of SR Bancorp during the 3rd quarter worth about $290,000. Hedge funds and other institutional investors own 24.70% of the company’s stock.

About SR Bancorp

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.