SR Bancorp, Inc. SVP James Castelletti Acquires Additional Shares

On Wednesday, December 18th, SR Bancorp, Inc. (NASDAQ:SRBK) announced that Senior Vice President James Castelletti made a purchase of 1,000 shares of the company’s stock. The shares were acquired at an average price of $12.34 each, totaling $12,340.00 for the transaction. With this acquisition, Castelletti's total ownership in SR Bancorp now stands at 1,000 shares, reflecting a similar value of approximately $12,340. This transaction represents a notable increase in his holdings. The purchase was formally reported in a legal filing to the Securities and Exchange Commission (SEC), which is available for public viewing.

Overview of SR Bancorp's Stock Performance

As of Friday, SR Bancorp's stock opened at $12.17. The company's fifty-day moving average is $11.31, and its two-hundred day moving average stands at $10.36. Over the past year, the stock has experienced a low of $8.94 and a high of $12.46. Currently, SR Bancorp has a market capitalization of $114.91 million and a price-to-earnings (P/E) ratio of 101.43. Additionally, the company shows a beta of 1.07, indicating a level of volatility. The current and quick ratios are both at 1.00, while the debt-to-equity ratio is noted to be 0.10.

Institutional Investor Activities

Recent activities by institutional investors reveal that multiple hedge funds have been adjusting their positions in SR Bancorp. Notably, Geode Capital Management LLC increased its holdings by 30.7% during the third quarter. They now own 93,372 shares with a total valuation of $1,041,000 after acquiring an additional 21,930 shares. Fourthstone LLC also entered a new position worth approximately $756,000 in the same quarter, while Arcus Capital Partners LLC acquired shares valued at roughly $276,000. Currently, institutional investors and hedge funds hold around 24.70% of the company’s stock.

Company Background

SR Bancorp, Inc. operates as the holding company for Somerset Regal Bank, which provides a range of retail and commercial banking services. Their offerings include various deposit instruments such as non-interest bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit. The bank serves individuals, businesses, and local municipalities within Somerset, Middlesex, Hunterdon, and Essex counties in New Jersey.

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