Insider Buying: SR Bancorp, Inc. (NASDAQ:SRBK) Insider Buys 10,000 Shares of Stock

SR Bancorp, Inc. (NASDAQ:SRBK) insider David M. Orbach purchased 10,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of $11.75 per share, with a total value of $117,500.00. Following the transaction, the insider now directly 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

SR Bancorp Trading Up 1.2 %

Shares of NASDAQ:SRBK traded up $0.14 during midday trading on Monday, hitting $11.74. 47,036 shares of the stock traded hands, compared to its average volume of 24,905. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $11.11 and its two-hundred day moving average is $10.17. The stock has a market capitalization of $110.83 million, a PE ratio of 97.84 and a beta of 1.08. SR Bancorp, Inc. has a one year low of $8.94 and a one year high of $11.75.

Hedge Funds Weigh In On SR Bancorp

Hedge funds have recently made changes to their positions in the business. Arcus Capital Partners LLC bought a new stake in SR Bancorp in the third quarter valued at $276,000. SeaCrest Wealth Management LLC raised its holdings in SR Bancorp by 59.1% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 39,773 shares of the company’s stock worth $368,000 after purchasing an additional 14,773 shares in the last quarter. Fourthstone LLC purchased a new stake in shares of SR Bancorp in the 3rd quarter worth about $756,000. Geode Capital Management LLC boosted its stake in shares of SR Bancorp by 30.7% during the 3rd quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock valued at $1,041,000 after purchasing an additional 21,930 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of SR Bancorp by 31.5% during the first quarter. Vanguard Group Inc. now owns 446,393 shares of the company’s stock valued at $4,214,000 after buying an additional 106,843 shares during the period. 24.70% of the stock is owned by hedge funds and other institutional investors.

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.