SR Bancorp (NASDAQ:SRBK) Shares Decline 0.7% - Is It Time to Sell?

On Thursday, the share price of SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) saw a decrease of 0.7%. The stock traded as low as $11.52 and closed at that same price. In mid-day trading, approximately 22,045 shares changed hands, marking a 3% drop from its average daily volume of 22,634 shares. The previous closing price was $11.60.

Current Stock Performance

SR Bancorp has a market capitalization of $106.43 million. The stock currently has a price-to-earnings (P/E) ratio of 192.03 and a beta of 0.91. Its 50-day moving average price stands at $12.09, while the two-hundred-day moving average price is $11.37. In terms of financial ratios, SR Bancorp has a current ratio of 1.01, a quick ratio of 1.00, and a low debt-to-equity ratio of 0.15.

The last earnings report from SR Bancorp was released on January 31st, where the company reported earnings per share (EPS) of $0.12. Notably, the company achieved a net margin of 0.95% and a return on equity of 0.21%.

Insider Activity

In related news, David M. Orbach, an insider of SR Bancorp, acquired 10,000 shares at an average price of $11.75 on December 9th. This transaction amounted to $117,500, and following this purchase, the insider's total shares in the company increased to 140,000, valued at around $1,645,000. This acquisition reflects a 7.69% increase in the insider's holdings. The details of the purchase were filed with the SEC and are available for review. Over the past 90 days, insiders have purchased a total of 12,500 shares of the company, equating to about $148,545, with insiders currently holding 3.60% of the stock.

Institutional Investments

Several institutional investors have recently traded shares of SR Bancorp. Mink Brook Asset Management LLC established a new position in the company during the 4th quarter, valued at roughly $3,384,000. Geode Capital Management LLC also increased its stake by 30.7% in the third quarter, owning 93,372 shares worth $1,041,000 after acquiring an additional 21,930 shares. Fourthstone LLC bought a new stake valued at approximately $756,000, while Arcus Capital Partners LLC invested around $276,000 in SR Bancorp during the same period. Additionally, Northern Trust Corp expanded its stake by 34.3% in the fourth quarter, now holding 18,592 shares, valued at $221,000. In total, hedge funds and 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. It provides a range of retail and commercial banking services to individuals, businesses, and local governments in New Jersey's Somerset, Middlesex, Hunterdon, and Essex counties. Their offerings include various deposit products, such as noninterest-bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit.

Investment Considerations

Before considering any investment in SR Bancorp, it is crucial to analyze current market sentiments. Reportedly, some analysts suggest that while SR Bancorp holds a "Hold" rating, there are other stocks currently favored by top-rated analysts that may be more promising investment options. MarketBeat has identified five particular stocks that these analysts recommend buying now, which do not include SR Bancorp.

In summary, as SR Bancorp's shares face recent declines, potential investors may want to weigh their options carefully.

SRBK, stocks, investment