SR Bancorp, Inc. (NASDAQ:SRBK) CEO Purchases $39,560.00 in Stock

SR Bancorp, Inc. (NASDAQ:SRBK) CEO William P. Taylor purchased 4,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were bought at an average cost of $9.89 per share, for a total transaction of $39,560.00. Following the acquisition, the chief executive officer now owns 21,700 shares in the company, valued at $214,613. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

SR Bancorp Price Performance

Shares of NASDAQ SRBK opened at $10.00 on Friday. The firm’s 50-day moving average price is $9.59 and its 200-day moving average price is $9.40. SR Bancorp, Inc. has a 52-week low of $8.01 and a 52-week high of $10.03.

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

Hedge Funds Weigh In On SR Bancorp

A hedge fund recently raised its stake in SR Bancorp stock. SeaCrest Wealth Management LLC increased its holdings in SR Bancorp, Inc. (NASDAQ:SRBK) by 59.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,773 shares of the company’s stock after buying an additional 14,773 shares during the quarter. SeaCrest Wealth Management LLC owned 0.42% of SR Bancorp worth $368,000 at the end of the most recent reporting period. 24.70% of the stock is currently owned by institutional investors and hedge funds.

About SR Bancorp

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.