Harris Faqueri Acquires 3,000 Shares of SR Bancorp (NASDAQ:SRBK) Stock

SR Bancorp, Inc. (NASDAQ:SRBK) CFO Harris Faqueri purchased 3,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $16.40 per share, for a total transaction of $49,200.00. Following the completion of the purchase, the chief financial officer directly owned 13,000 shares of the company’s stock, valued at $213,200. The trade was a 30.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

SR Bancorp Trading Up 0.3%

SRBK stock opened at $16.65 on Friday. 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. The company has a market cap of $138.86 million, a P/E ratio of 46.25 and a beta of 0.55. The business has a fifty day moving average of $16.89 and a 200-day moving average of $15.87.

SR Bancorp (NASDAQ:SRBK) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, March 31st. SR Bancorp’s dividend payout ratio (DPR) is 55.56%.

Hedge Funds Weigh In On SR Bancorp

Several institutional investors have recently modified their holdings of SRBK. Covalent Partners LLC grew its stake in SR Bancorp by 49.0% in the fourth quarter. Covalent Partners LLC now owns 60,000 shares of the company’s stock valued at $944,000 after acquiring an additional 19,740 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of SR Bancorp by 164.4% in the fourth quarter. Russell Investments Group Ltd. now owns 9,466 shares of the company’s stock worth $149,000 after acquiring an additional 5,886 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of SR Bancorp by 16.2% during the fourth quarter. Panagora Asset Management Inc. now owns 28,404 shares of the company’s stock worth $447,000 after purchasing an additional 3,950 shares during the period. Saber Capital Managment LLC acquired a new stake in shares of SR Bancorp during the fourth quarter worth about $4,270,000. Finally, Barclays PLC lifted its holdings in shares of SR Bancorp by 6.3% during the 4th quarter. Barclays PLC now owns 11,601 shares of the company’s stock valued at $183,000 after purchasing an additional 688 shares in the last quarter. 24.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on SRBK. Weiss Ratings reissued a “hold (c)” rating on shares of SR Bancorp in a research note on Thursday, January 22nd. Wall Street Zen cut shares of SR Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

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.