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

SR Bancorp, Inc. (NASDAQ:SRBK) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 26,900 shares, a growth of 115.2% from the September 15th total of 12,500 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 40,200 shares, the short-interest ratio is currently 0.7 days.

SR Bancorp Stock Up 0.0 %

Shares of SRBK traded up $0.00 during trading hours on Friday, reaching $11.12. 16,595 shares of the company traded hands, compared to its average volume of 24,213. The business has a fifty day moving average price of $10.31 and a 200-day moving average price of $9.64. SR Bancorp has a 12-month low of $8.01 and a 12-month high of $11.24. The stock has a market capitalization of $105.75 million and a P/E ratio of -1.10.

SR Bancorp (NASDAQ:SRBK) last issued its earnings results on Tuesday, July 30th. The company reported ($0.34) EPS for the quarter. SR Bancorp had a negative net margin of 28.30% and a negative return on equity of 5.52%. The firm had revenue of $4.05 million during the quarter.

Insider Activity at SR Bancorp

In related news, insider David M. Orbach purchased 10,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $9.69 per share, for a total transaction of $96,900.00. Following the acquisition, the insider now owns 130,000 shares of the company’s stock, valued at $1,259,700. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other SR Bancorp news, CEO William P. Taylor purchased 4,000 shares of SR Bancorp stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average cost of $9.89 per share, with a total value of $39,560.00. Following the completion of the transaction, the chief executive officer now owns 21,700 shares in the company, valued at approximately $214,613. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David M. Orbach acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $9.69 per share, with a total value of $96,900.00. Following the acquisition, the insider now owns 130,000 shares in the company, valued at approximately $1,259,700. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 19,000 shares of company stock worth $189,360.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SR Bancorp stock. Vanguard Group Inc. increased its holdings in shares of SR Bancorp, Inc. (NASDAQ:SRBK) by 31.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 446,393 shares of the company’s stock after acquiring an additional 106,843 shares during the period. Vanguard Group Inc. owned approximately 4.69% of SR Bancorp worth $4,214,000 as of its most recent SEC filing. 24.70% of the stock is owned by institutional investors and hedge funds.

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.