sr Bancorp CEO William Taylor acquires $18,712 in stock

In a recent transaction, William P. Taylor, CEO of SR Bancorp , Inc. (NASDAQ:SRBK), purchased a total of 1,500 shares of the company’s common stock. The acquisition, which took place on February 10, 2025, was divided into two separate purchases: 1,300 shares at $12.48 per share and 200 shares at $12.44 per share. The combined value of these transactions is approximately $18,712. The timing is notable as SRBK shares have surged nearly 26% over the past six months and are currently trading near their 52-week high of $12.76. InvestingPro analysis suggests the stock is trading above its Fair Value.

Following these purchases, Taylor holds a direct ownership of 68,838 shares. Additionally, he has indirect ownership of shares through various entities, including 22,251 shares by 401(k), 1,445 shares by ESOP, and 5,000 shares by his mother. The report also notes that Taylor holds stock options for 114,095 shares, which vest at a rate of 20% per year starting January 29, 2026. With a current market capitalization of $107 million and a P/E ratio of 296x, SR Bancorp shows notable valuation metrics. For deeper insights into SR Bancorp’s financial health and additional ProTips, visit InvestingPro.

In other recent news, SR Bancorp has made significant strides with the approval of a new Equity Incentive Plan and the election of directors. The new 2024 Equity Incentive Plan, approved by stockholders, aims to offer equity-based compensation to eligible employees, directors, and consultants, thus aligning their interests with the company’s stockholders.

In addition to the Equity Plan approval, the company’s recent annual stockholder meeting resulted in the election of Mary E. Davey, Thomas Lupo, and John W. Mooney as directors. They will serve three-year terms on the board of directors, following a majority vote in their favor.

Furthermore, the stockholders ratified the appointment of Baker Tilly US, LLP as the company’s independent registered public accounting firm for the fiscal year ending June 30, 2025. This decision was made with a significant majority.

These developments are part of SR Bancorp’s recent endeavors. The company has confirmed no changes to its business address, with its principal executive offices remaining at 220 West Union Avenue, Bound Brook, New Jersey. These are recent developments that provide insight into the company’s current operations.

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