SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) SVP James Castelletti purchased 1,000 shares of SR Bancorp stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of $12.34 per share, with a total value of $12,340.00. Following the completion of the transaction, the senior vice president now directly owns 1,000 shares of the company's stock, valued at approximately $12,340. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
SR Bancorp Stock Performance
NASDAQ SRBK opened at $12.17 on Friday. The firm's fifty day moving average price is $11.31 and its two-hundred day moving average price is $10.36. SR Bancorp, Inc. has a 1 year low of $8.94 and a 1 year high of $12.46. The firm has a market capitalization of $114.91 million, a P/E ratio of 101.43 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10.
Institutional Investors Weigh In On SR Bancorp
Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of SR Bancorp by 30.7% during the 3rd quarter. Geode Capital Management LLC now owns 93,372 shares of the company's stock worth $1,041,000 after buying an additional 21,930 shares during the period. Fourthstone LLC acquired a new position in shares of SR Bancorp in the third quarter valued at approximately $756,000. Finally, Arcus Capital Partners LLC acquired a new position in shares of SR Bancorp in the third quarter valued at approximately $276,000. 24.70% of the stock is currently owned by institutional investors and hedge funds.
SR Bancorp Company Profile
(
Get Free Report)
Why I'm telling friends to avoid gold stocks
From DTI | Ad
Back in November, gold made a tiny move of 1.6%.
But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week.
It happened again in March. Gold nudged up 1.2%.
This time? A 104% overnight gain.
And in June? A 1% gold move turned into a 74% gain in two weeks.
Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now.
There's a more lucrative way to play the gold market as we enter a new breakout period.
It's all about catching what I call "Acceleration Cycles."
And if you’d like to get your hands on this, here you go, the complete breakdown.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
