In a recent transaction on September 18th, Marc Lebovitz, a director at SR Bancorp, Inc. (NASDAQ:SRBK), purchased 9,800 shares of the company's common stock, investing a total of approximately $105,350. The shares were acquired at a price of $10.75 each, according to the latest regulatory filings.
The transaction has increased Lebovitz's direct ownership in the company to 20,000 shares. Additionally, it was noted that there are 10,500 shares held indirectly by a family trust, further contributing to Lebovitz's stake in SR Bancorp.
Investors often keep an eye on insider transactions as they can provide insights into how the company's leadership perceives the financial health and future prospects of the business. Purchases by insiders can be seen as a sign of confidence in the company's value and potential for growth.
SR Bancorp, headquartered in Maryland, operates as a savings institution not federally chartered. The company's shares are publicly traded under the ticker symbol SRBK on the NASDAQ exchange. As with any insider transaction, the market may react to this purchase by Lebovitz, potentially impacting the company's stock price.
For those interested in following the financial moves of SR Bancorp's insiders, the transaction details are available in the public domain for further analysis and consideration.
InvestingPro Insights
Following Marc Lebovitz's recent purchase of SR Bancorp, Inc. (NASDAQ:SRBK) shares, investors may find additional context from InvestingPro data and tips useful. The company, which operates as a savings institution not federally chartered, has shown a notable revenue growth of 52.07% over the last twelve months as of Q3 2024, signaling potential optimism for future performance. This is complemented by an even more impressive quarterly revenue growth of 142.36% in Q3 2024, which could be a factor in insider confidence.
Despite this revenue growth, SR Bancorp has not been profitable over the same period, with an operating income margin of -18.39% and a return on assets of -0.85%. The company's P/E ratio stands at -12.57, reflecting these profitability challenges. Moreover, with a market capitalization of $101.93 million, SR Bancorp's price/book ratio as of Q3 2024 is 0.52, which might indicate the stock is undervalued relative to its assets.
InvestingPro Tips suggest that SRBK stock generally trades with low price volatility, which could be appealing to risk-averse investors. However, the stock is currently in overbought territory according to the RSI, and with it trading near its 52-week high, some caution may be warranted. Notably, SRBK does not pay a dividend, which may influence the investment strategy for income-focused shareholders.
For investors looking to delve deeper into the financial health of SR Bancorp, there are additional InvestingPro Tips available (https://www.investing.com/pro/SRBK), which could provide further insights into the company's performance and potential investment opportunities.
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