SR Bancorp, Inc. (NASDAQ:SRBK) Short Interest Down 26.0% in November

SR Bancorp, Inc. (NASDAQ:SRBK) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 29,300 shares, a drop of 26.0% from the November 15th total of 39,600 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 39,300 shares, the days-to-cover ratio is currently 0.7 days.

SR Bancorp Trading Down 1.9 %

NASDAQ SRBK traded down $0.23 during mid-day trading on Friday, reaching $12.15. 14,043 shares of the stock were exchanged, compared to its average volume of 25,202. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $114.70 million, a P/E ratio of 103.18 and a beta of 1.07. The stock has a 50 day simple moving average of $11.19 and a 200-day simple moving average of $10.24. SR Bancorp has a one year low of $8.94 and a one year high of $12.46.

Insider Activity at SR Bancorp

In related news, insider David M. Orbach bought 10,000 shares of SR Bancorp stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of $11.75 per share, for a total transaction of $117,500.00. Following the completion of the acquisition, the insider now directly owns 140,000 shares of the company’s stock, valued at approximately $1,645,000. The trade was a 7.69 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas Lupo purchased 5,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of $10.58 per share, with a total value of $52,900.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $211,600. The trade was a 33.33 % increase in their position. The disclosure for this purchase can be found here. 3.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.