Benin Management CORP Trims Stake in SR Bancorp, Inc. (NASDAQ:SRBK)

Benin Management CORP reduced its position in SR Bancorp, Inc. (NASDAQ:SRBK) by 17.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,823 shares of the company’s stock after selling 7,165 shares during the quarter. Benin Management CORP owned 0.35% of SR Bancorp worth $366,000 as of its most recent SEC filing.

Separately, SeaCrest Wealth Management LLC increased its position in shares of SR Bancorp by 59.1% during the second quarter. SeaCrest Wealth Management LLC now owns 39,773 shares of the company’s stock worth $368,000 after acquiring an additional 14,773 shares during the period. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SR Bancorp

In other SR Bancorp news, insider David M. Orbach acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $9.69 per share, for a total transaction of $96,900.00. Following the completion of the purchase, the insider now owns 130,000 shares in the company, valued at approximately $1,259,700. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other SR Bancorp news, insider David M. Orbach acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $9.69 per share, for a total transaction of $96,900.00. Following the completion of the purchase, the insider now owns 130,000 shares in the company, valued at approximately $1,259,700. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas Lupo acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $10.58 per share, for a total transaction of $52,900.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at approximately $211,600. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 19,000 shares of company stock valued at $189,360.

SR Bancorp Stock Performance

Shares of NASDAQ:SRBK traded down $0.05 during trading on Monday, reaching $11.12. 4,389 shares of the company were exchanged, compared to its average volume of 24,170. The business’s fifty day simple moving average is $10.48 and its 200-day simple moving average is $9.72. SR Bancorp, Inc. has a 12-month low of $8.01 and a 12-month high of $11.24.

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

SR Bancorp 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.