Benin Management CORP Has $190,000 Stock Holdings in SR Bancorp, Inc. (NASDAQ:SRBK)

Benin Management CORP trimmed its position in shares of SR Bancorp, Inc. (NASDAQ:SRBK) by 51.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,928 shares of the company’s stock after selling 16,895 shares during the period. Benin Management CORP’s holdings in SR Bancorp were worth $190,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in SR Bancorp by 30.7% during the third quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock worth $1,041,000 after purchasing an additional 21,930 shares during the last quarter. Fourthstone LLC bought a new position in shares of SR Bancorp during the 3rd quarter worth $756,000. Finally, Arcus Capital Partners LLC purchased a new position in shares of SR Bancorp in the third quarter worth about $276,000. 24.70% of the stock is owned by institutional investors.

SR Bancorp Stock Performance

Shares of SRBK opened at $12.10 on Friday. SR Bancorp, Inc. has a 52-week low of $8.94 and a 52-week high of $12.76. The stock has a market capitalization of $114.22 million, a price-to-earnings ratio of 100.84 and a beta of 0.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50-day simple moving average is $11.73 and its 200 day simple moving average is $10.83.

SR Bancorp (NASDAQ:SRBK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter. SR Bancorp had a net margin of 2.25% and a return on equity of 0.50%. The company had revenue of $12.27 million during the quarter.

Insiders Place Their Bets

In related news, insider David M. Orbach acquired 10,000 shares of SR Bancorp stock in a transaction on Monday, December 9th. The shares were acquired at an average cost of $11.75 per share, with a total value of $117,500.00. Following the transaction, the insider now owns 140,000 shares in the company, valued at $1,645,000. This trade represents a 7.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.60% of the company’s stock.

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.