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David M. Orbach, the Executive Chair of SR Bancorp , Inc. (NASDAQ:SRBK), has recently increased his holdings in the company by purchasing additional shares. According to a recent SEC filing, Orbach acquired a total of 9,000 shares of SR Bancorp common stock on March 18, 2025. The purchases were made at prices ranging from $11.5361 to $11.64 per share, totaling approximately $115,756. The transaction comes as the $100 million market cap bank shows mixed performance, with a 21% gain over the past year despite a 3.6% decline year-to-date. InvestingPro analysis suggests the stock is trading above its Fair Value.
Following this transaction, Orbach’s direct ownership in the company increased to 188,032 shares. Additionally, he holds indirect ownership of shares through family and employee stock ownership plans. These purchases reflect Orbach’s continued commitment and confidence in the future of SR Bancorp, which trades at an attractive 0.51 times book value. InvestingPro subscribers can access additional metrics and 5 more exclusive ProTips to better evaluate this insider buying activity.
In other recent news, SR Bancorp, Inc. has announced its first-ever quarterly cash dividend, set at $0.05 per share. The dividend will be distributed to shareholders on April 15, 2025, with a record date of March 31, 2025. This decision highlights the company’s financial health and its capability to generate sufficient cash flow for shareholder returns. William P. Taylor, CEO of SR Bancorp, expressed satisfaction with the company’s strong financial position, which has facilitated this dividend payout. Somerset Regal Bank, a subsidiary of SR Bancorp, reported total assets of $1.06 billion as of December 31, 2024. The bank also recorded net loans of $775.8 million, deposits totaling $824.1 million, and total equity of $198.1 million. SR Bancorp has issued cautionary statements regarding forward-looking information, emphasizing that actual results may differ due to various risks and uncertainties. These factors include economic conditions, competitive pressures, interest rate changes, and legislative or regulatory developments. The company has stated there is no obligation to update forward-looking statements for future events or circumstances.
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