William P. Taylor Acquires 2,000 Shares of SR Bancorp, Inc. (NASDAQ:SRBK) Stock

On March 12th, William P. Taylor, the CEO of SR Bancorp, Inc. (NASDAQ:SRBK), made a notable acquisition by purchasing 2,000 shares of the company's stock. The shares were bought at an average price of $11.51 each, resulting in a total expenditure of $23,020. Following this transaction, Taylor now owns a total of 70,838 shares, which are valued at approximately $815,345.38. This move represents a 2.91% increase in his shareholding position. The details of this transaction were made public through a filing with the Securities and Exchange Commission (SEC).

Recent Trading Activity for SR Bancorp

It is worth noting that on the day of Taylor's purchase, SRBK shares saw a slight increase of 0.1%, climbing by $0.01 to reach a trading price of $11.52. The trading volume for that day was recorded at 18,983 shares, which is lower than its average volume of 21,934. SR Bancorp currently holds a market capitalization of $106.43 million, with a price-to-earnings (P/E) ratio of 192.03 and a beta of 0.91. The stock has experienced a twelve-month low of $8.94 and a high of $12.76. In terms of financial ratios, the company has a current ratio of 1.01, a quick ratio of 1.00, and a debt-to-equity ratio of 0.15. Additionally, it has a fifty-day moving average price of $12.07 and a two-hundred-day moving average price of $11.43.

Financial Performance of SR Bancorp

SR Bancorp released its latest quarterly earnings results on January 31st, reporting an earnings per share (EPS) of $0.12 for the quarter. The company recorded a return on equity of 0.21% and a net profit margin of 0.95%. These financial metrics provide insight into the company's operational efficiency and profitability.

Institutional Investors' Interest in SR Bancorp

In addition to individual purchases, there have been notable activities among institutional investors regarding SR Bancorp's stock. For instance, Northern Trust Corp increased its stake in SR Bancorp by 34.3% during the fourth quarter, now holding 18,592 shares valued at $221,000 after an additional purchase of 4,748 shares. Arcus Capital Partners LLC also entered a new position in SR Bancorp in the third quarter, valued at approximately $276,000. Other firms like Fourthstone LLC and Geode Capital Management LLC have acquired significant stakes, bringing heightened institutional interest in the company. Currently, about 24.70% of SR Bancorp's stock is owned by institutional investors and hedge funds.

Overview of SR Bancorp

SR Bancorp, Inc. serves as the holding company for Somerset Regal Bank, offering a range of retail and commercial banking services. The bank caters to individuals, businesses, and local government entities within Somerset, Middlesex, Hunterdon, and Essex counties in New Jersey. The services include various deposit products such as noninterest-bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit.

SRBancorp, Stocks, Acquisition