SR Bancorp, Inc. (NASDAQ:SRBK) Sees Significant Drop in Short Interest

SR Bancorp, Inc. (NASDAQ:SRBK) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 29,300 shares, a drop of 26.0% from the November 15th total of 39,600 shares. Based on an average trading volume of 39,300 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are sold short.

SR Bancorp Stock Down 2.1 %

NASDAQ SRBK traded down $0.26 on Friday, reaching $12.12. The company had a trading volume of 15,258 shares, compared to its average volume of 34,053. SR Bancorp has a 52-week low of $8.94 and a 52-week high of $12.46. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $114.41 million, a P/E ratio of 101.01 and a beta of 1.07. The company’s fifty day moving average is $11.21 and its 200 day moving average is $10.27.

Insiders Place Their Bets

In other SR Bancorp news, Director Thomas Lupo acquired 5,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of $10.58 per share, for a total transaction of $52,900.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $211,600. This represents a 33.33 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David M. Orbach bought 10,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average price of $11.75 per share, for a total transaction of $117,500.00. Following the acquisition, the insider now directly owns 140,000 shares in the company, valued at $1,645,000. The trade was a 7.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On SR Bancorp

A number of institutional investors have recently added to or reduced their stakes in SRBK. Vanguard Group Inc. lifted its holdings in SR Bancorp by 31.5% during the first quarter. Vanguard Group Inc. now owns 446,393 shares of the company’s stock worth $4,214,000 after acquiring an additional 106,843 shares during the period. SeaCrest Wealth Management LLC raised its stake in shares of SR Bancorp by 59.1% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 39,773 shares of the company’s stock worth $368,000 after purchasing an additional 14,773 shares during the period. Arcus Capital Partners LLC bought a new stake in shares of SR Bancorp during the 3rd quarter worth $276,000. Fourthstone LLC purchased a new position in shares of SR Bancorp in the 3rd quarter worth about $756,000. Finally, Geode Capital Management LLC grew its position in SR Bancorp by 30.7% during the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock valued at $1,041,000 after buying an additional 21,930 shares during the period. 24.70% of the stock is owned by institutional investors.

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.