Fourthstone LLC Makes New $756,000 Investment in SR Bancorp, Inc. (NASDAQ:SRBK)

Fourthstone LLC acquired a new stake in SR Bancorp, Inc. (NASDAQ:SRBK) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 67,825 shares of the company’s stock, valued at approximately $756,000. Fourthstone LLC owned 0.72% of SR Bancorp at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arcus Capital Partners LLC acquired a new stake in SR Bancorp in the 3rd quarter valued at about $276,000. SeaCrest Wealth Management LLC raised its stake in SR Bancorp by 59.1% in the second quarter. SeaCrest Wealth Management LLC now owns 39,773 shares of the company’s stock valued at $368,000 after buying an additional 14,773 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of SR Bancorp by 31.5% in the first quarter. Vanguard Group Inc. now owns 446,393 shares of the company’s stock valued at $4,214,000 after buying an additional 106,843 shares during the last quarter. Institutional investors own 24.70% of the company’s stock.

Insiders Place Their Bets

In related news, Director Thomas Lupo purchased 5,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were purchased at an average cost of $10.58 per share, with a total value of $52,900.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $211,600. The trade was a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.60% of the company’s stock.

SR Bancorp Stock Performance

Shares of SRBK stock traded down $0.02 during trading on Thursday, reaching $11.19. 52,169 shares of the company’s stock were exchanged, compared to its average volume of 24,790. SR Bancorp, Inc. has a twelve month low of $8.94 and a twelve month high of $11.28. The firm’s fifty day moving average price is $11.06 and its 200-day moving average price is $10.06. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $105.63 million, a PE ratio of 93.26 and a beta of 1.15.

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.