SR Bancorp Shares Soar 7.94% on Stock Repurchase Program

SR Bancorp (SRBK) shares surged to a record high today, with an intraday gain of 7.94%.

SR Bancorp's stock price has been on a remarkable upward trajectory, driven primarily by the company's recent announcement of a new stock repurchase program. On July 8, 2025, SR Bancorp, Inc. authorized a stock repurchase program, allowing the company to buy back up to 10% of its outstanding shares. This strategic move is expected to boost investor confidence and potentially increase demand for the company's shares, as it signals the company's belief in its financial stability and future growth prospects.

The stock repurchase program is a significant development for SR Bancorp, as it not only provides a direct benefit to shareholders by reducing the number of outstanding shares but also sends a strong message to the market about the company's financial health and management's optimism about its future performance. This initiative is likely to attract more investors, further driving up the stock price and reinforcing the positive sentiment surrounding the company.