SR Bancorp, Inc. SVP James Castelletti Acquires $12,340 in Stock

James Castelletti, Senior Vice President of SR Bancorp, Inc. (NASDAQ:SRBK), recently made a significant purchase by acquiring 1,000 shares of the company's stock on December 18th. The shares were acquired at an average price of $12.34 each, resulting in a total transaction value of $12,340. After this purchase, Castelletti holds a total of 1,000 shares, equating to an investment of approximately $12,340 in SR Bancorp. This acquisition marks an increase in his ownership stake in the company, taking it to a total increase of ∞.

Stock Performance Overview

On the trading day following this insider purchase, shares of NASDAQ SRBK opened at $12.17. The stock has seen fluctuations over the past year, with a low of $8.94 and a high of $12.46. The company's fifty-day moving average stands at $11.31, while its two-hundred-day moving average is $10.36. SR Bancorp has a market capitalization of approximately $114.91 million, with a P/E ratio of 101.43, indicating relatively high valuations. The company's beta is recorded at 1.07, suggesting it has a volatility similar to that of the overall market. Additionally, SR Bancorp has a current ratio and quick ratio both of 1.00 and a low debt-to-equity ratio of 0.10, which indicates a relatively robust financial standing.

Institutional Investor Activity

Recent activity by institutional investors reflects growing interest in SR Bancorp. Geode Capital Management LLC increased its holdings by 30.7% in the third quarter, now owning 93,372 shares valued at approximately $1,041,000 after purchasing an additional 21,930 shares. Fourthstone LLC has also established a new position in the company, valued around $756,000. Additionally, Arcus Capital Partners LLC acquired a new stake valued at approximately $276,000. Collectively, institutional investors and hedge funds hold about 24.70% of SR Bancorp's shares, highlighting confidence in the company's potential.

About SR Bancorp, Inc.

SR Bancorp, Inc. serves as the holding company for Somerset Regal Bank, which provides a range of banking services to individuals, businesses, and local municipalities in various counties across New Jersey, including Somerset, Middlesex, Hunterdon, and Essex. The bank offers a variety of deposit products, such as noninterest-bearing demand deposits, interest-bearing accounts, savings accounts, money market accounts, and certificates of deposit.

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