SR Bancorp, Inc. (NASDAQ:SRBK) SVP Buys $12,340.00 in Stock

SR Bancorp, Inc. (NASDAQ:SRBK) SVP James Castelletti bought 1,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of $12.34 per share, with a total value of $12,340.00. Following the purchase, the senior vice president now owns 1,000 shares in the company, valued at $12,340. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

SR Bancorp Price Performance

SRBK opened at $12.17 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 1.00. SR Bancorp, Inc. has a 1 year low of $8.94 and a 1 year high of $12.46. The stock’s 50 day simple moving average is $11.31 and its 200 day simple moving average is $10.37. The firm has a market cap of $114.91 million, a price-to-earnings ratio of 101.43 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SRBK. Geode Capital Management LLC boosted its position in 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 buying an additional 21,930 shares during the period. Fourthstone LLC bought a new position in shares of SR Bancorp during the third quarter valued at about $756,000. Finally, Arcus Capital Partners LLC bought a new position in shares of SR Bancorp during the third quarter valued at about $276,000. Institutional investors own 24.70% 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.