Saber Capital Managment LLC Makes New $4.27 Million Investment in SR Bancorp, Inc. $SRBK

Saber Capital Managment LLC purchased a new position in SR Bancorp, Inc. (NASDAQ:SRBK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 271,283 shares of the company’s stock, valued at approximately $4,270,000. SR Bancorp comprises 3.6% of Saber Capital Managment LLC’s investment portfolio, making the stock its 7th largest position. Saber Capital Managment LLC owned about 3.18% of SR Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Barclays PLC grew its position in SR Bancorp by 6.3% in the 4th quarter. Barclays PLC now owns 11,601 shares of the company’s stock worth $183,000 after purchasing an additional 688 shares during the last quarter. Wells Fargo & Company MN grew its position in SR Bancorp by 41.1% in the 4th quarter. Wells Fargo & Company MN now owns 8,287 shares of the company’s stock worth $130,000 after purchasing an additional 2,412 shares during the last quarter. Dimensional Fund Advisors LP grew its position in SR Bancorp by 28.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 63,891 shares of the company’s stock worth $1,006,000 after purchasing an additional 14,183 shares during the last quarter. Nuveen LLC grew its position in SR Bancorp by 5.3% in the 4th quarter. Nuveen LLC now owns 21,051 shares of the company’s stock worth $331,000 after purchasing an additional 1,065 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in SR Bancorp in the 4th quarter worth $254,000. 24.70% of the stock is currently owned by institutional investors and hedge funds.

SR Bancorp Price Performance

Shares of SR Bancorp stock opened at $18.96 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50-day simple moving average is $18.33 and its 200-day simple moving average is $17.21. SR Bancorp, Inc. has a twelve month low of $12.81 and a twelve month high of $19.61. The firm has a market cap of $153.58 million, a P/E ratio of 45.14 and a beta of 0.58.

SR Bancorp (NASDAQ:SRBK) last issued its earnings results on Tuesday, April 28th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. SR Bancorp had a net margin of 6.39% and a return on equity of 1.41%. The business had revenue of $8.36 million for the quarter, compared to analyst estimates of $8.50 million.

SR Bancorp announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 21st that allows the company to buyback 801,320,000,000 outstanding shares. This buyback authorization allows the company to repurchase up to 9.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

SR Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, March 31st. SR Bancorp’s payout ratio is 47.62%.

Wall Street Analysts Forecast Growth

SRBK has been the topic of several research analyst reports. Hovde Group raised their price target on shares of SR Bancorp from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of SR Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, April 1st. Finally, Wall Street Zen upgraded shares of SR Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, SR Bancorp currently has an average rating of “Moderate Buy” and an average target price of $19.00.

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.