SR Bancorp, Inc. SVP James Castelletti Makes Stock Purchase

On December 18th, James Castelletti, the Senior Vice President of SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report), acquired 1,000 shares of the company's stock. The transaction occurred at an average price of $12.34 per share, leading to a total expenditure of $12,340. Following this purchase, Castelletti now holds 1,000 shares valued at approximately $12,340. This acquisition signifies a substantial increase in his ownership stake. The transaction was officially reported through a filing with the U.S. Securities and Exchange Commission (SEC), which can be accessed for further details.

Overview of SR Bancorp Stock Performance

As of Friday, SR Bancorp stock opened at $12.17. The company's fifty-day moving average stands at $11.31, while the two-hundred-day moving average is recorded at $10.36. Over the past year, the stock reached a low of $8.94 and a high of $12.46. SR Bancorp, Inc. has a market capitalization of approximately $114.91 million, a price-to-earnings (P/E) ratio of 101.43, and a beta of 1.07. The company indicates a current ratio of 1.00, quick ratio of 1.00, and a low debt-to-equity ratio of 0.10, suggesting financial stability.

Institutional Investors and SR Bancorp

Institutional investors have been actively participating in SR Bancorp's stock trades. Notably, Geode Capital Management LLC amplified its holdings in the company by 30.7% during the third quarter, gaining an additional 21,930 shares, bringing its total to 93,372 shares worth approximately $1,041,000. Fourthstone LLC also took a new position in SR Bancorp valued around $756,000 during the same quarter. Likewise, Arcus Capital Partners LLC purchased shares worth about $276,000. Currently, about 24.70% of SR Bancorp's shares are owned by institutional investors and hedge funds, indicating growing interest from large investment firms.

About SR Bancorp, Inc.

SR Bancorp, Inc. acts as the holding company for Somerset Regal Bank, which caters to individual clients, businesses, and local municipalities in New Jersey. The bank provides a range of retail and commercial banking services, offering various deposit products such as noninterest-bearing demand deposits, interest-bearing accounts, savings accounts, money market accounts, and certificates of deposit.

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This article provides a summary of recent insider trades and stock performance for SR Bancorp, Inc. interested readers are encouraged to explore more information regarding institutional investments and company performance.

Stock, Insider, Investment