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Lupo Thomas, a director at SR Bancorp , Inc. (NASDAQ:SRBK), a $115 million market cap regional bank, has recently acquired a significant amount of company stock. According to a filing with the Securities and Exchange Commission, Thomas purchased 2,000 shares of common stock on June 3, 2025, at a price of $12.7275 per share, totaling $25,455. The purchase comes as InvestingPro data shows the stock trading above its Fair Value, despite a strong 38% return over the past year. This transaction increases Thomas’s direct ownership to 43,015 shares, including restricted stock that will begin vesting in November 2025.
Additionally, Thomas holds stock options for 47,539 shares, which will start vesting at a rate of 20% per year, also commencing in November 2025. These moves reflect Thomas’s ongoing commitment and investment in SR Bancorp.
In other recent news, SR Bancorp, Inc. has declared its first quarterly cash dividend of $0.05 per share. This dividend will be distributed on April 15, 2025, to shareholders who are on record as of March 31, 2025. This move indicates SR Bancorp’s strong financial standing and its capability to generate enough cash flow to provide returns to its shareholders. William P. Taylor, the CEO of SR Bancorp, expressed satisfaction with the company’s financial position, which has enabled this dividend payout. As of December 31, 2024, Somerset Regal Bank, a subsidiary of SR Bancorp, reported total assets of $1.06 billion and net loans of $775.8 million. The bank also recorded deposits totaling $824.1 million and total equity of $198.1 million. SR Bancorp has issued cautionary statements regarding forward-looking information, noting that actual results may differ due to various risks and uncertainties. The company has also disclaimed any obligation to update these forward-looking statements for future events or circumstances.
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