SR Bancorp (NASDAQ:SRBK) Director Thomas Lupo Purchases 1,000 Shares

SR Bancorp, Inc. (NASDAQ:SRBK) Director Thomas Lupo bought 1,000 shares of SR Bancorp stock in a transaction on Monday, February 23rd. The shares were acquired at an average cost of $16.47 per share, for a total transaction of $16,470.00. Following the completion of the acquisition, the director directly owned 44,015 shares in the company, valued at approximately $724,927.05. The trade was a 2.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

SR Bancorp Price Performance

SRBK stock opened at $16.81 on Wednesday. The company has a market capitalization of $140.11 million, a P/E ratio of 46.69 and a beta of 0.53. The company has a fifty day moving average price of $16.67 and a 200-day moving average price of $15.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04. SR Bancorp, Inc. has a 52-week low of $11.36 and a 52-week high of $18.04.

SR Bancorp (NASDAQ:SRBK) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 1.27% and a net margin of 5.82%.

SR Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, December 31st. SR Bancorp’s dividend payout ratio (DPR) is 55.56%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen lowered shares of SR Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Hovde Group began coverage on shares of SR Bancorp in a research report on Tuesday, November 18th. They set a “market perform” rating and a $16.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of SR Bancorp in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, SR Bancorp currently has an average rating of “Hold” and an average target price of $16.00.

Institutional Trading of SR Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in SR Bancorp in the first quarter worth approximately $263,000. Pekin Hardy Strauss Inc. acquired a new position in shares of SR Bancorp during the second quarter worth approximately $392,000. 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 purchasing an additional 90,873 shares during the period. JPMorgan Chase & Co. bought a new position in shares of SR Bancorp in the 2nd quarter worth $50,000. Finally, New York State Common Retirement Fund acquired a new stake in SR Bancorp in the 2nd quarter valued at $103,000. 24.70% of the stock is owned by institutional investors.

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.