Bullish indicating open at $55-$60, IPO prices at $37
In a recent transaction reported to the Securities and Exchange Commission, Taylor William P, the CEO and Director of SR Bancorp , Inc. (NASDAQ:SRBK), made significant acquisitions of the company’s common stock. On May 29, 2025, William purchased a total of 2,000 shares at prices ranging from $12.9986 to $13.00 per share. This acquisition amounted to a total investment of $25,998. The purchase comes as SRBK shares trade near their 52-week high of $13.65, having delivered a remarkable 44% return over the past year.
Following these transactions, William’s direct ownership of SR Bancorp common stock increased to 72,838 shares. Additionally, he holds indirect ownership through various means, including 22,893 shares by 401(k), 3,018 shares by ESOP, and 5,000 shares by his mother. This insider buying comes despite InvestingPro analysis showing the company is not currently profitable, with additional insights available to subscribers.
The report also noted that William holds stock options for 114,095 shares, which are set to vest at a rate of 20% per year starting January 29, 2026. Based on InvestingPro Fair Value analysis, the stock currently appears to be trading above its intrinsic value, with more detailed valuation metrics available to subscribers.
In other recent news, SR Bancorp, Inc., the parent company of Somerset Regal Bank, announced its first quarterly cash dividend since the company’s inception. The dividend is set at $0.05 per share and will be distributed on April 15, 2025, to shareholders of record as of March 31, 2025. This announcement highlights SR Bancorp’s financial health and its capability to generate sufficient cash flow to provide value to shareholders. As of December 31, 2024, Somerset Regal Bank reported total assets of $1.06 billion, net loans of $775.8 million, deposits totaling $824.1 million, and total equity of $198.1 million. The company’s CEO, William P. Taylor, expressed satisfaction with the strong financial position that has enabled the initiation of this cash dividend payout. SR Bancorp also issued cautionary statements regarding forward-looking information, noting that these are based on current assumptions and subject to various risks and uncertainties. These risks include economic conditions, competitive pressures, changes in interest rates, and legislative or regulatory changes. The company has stated there is no obligation to update these forward-looking statements based on future events.
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