SR Bancorp, Inc. (NASDAQ:SRBK) Announces $0.06 Quarterly Dividend

SR Bancorp, Inc. (NASDAQ:SRBK) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.06 per share on Thursday, October 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, September 30th.

SR Bancorp Stock Performance

NASDAQ SRBK opened at $19.66 on Friday. The business’s 50 day moving average price is $19.64 and its 200-day moving average price is $18.67. SR Bancorp has a fifty-two week low of $14.33 and a fifty-two week high of $20.95. The company has a market cap of $159.25 million, a P/E ratio of 43.69 and a beta of 0.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04.

SR Bancorp (NASDAQ:SRBK) last announced its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $8.58 million for the quarter, compared to analysts’ expectations of $8.60 million. SR Bancorp had a net margin of 6.47% and a return on equity of 1.61%.

Institutional Trading of SR Bancorp

A number of hedge funds have recently added to or reduced their stakes in SRBK. BlackRock Inc. purchased a new position in shares of SR Bancorp in the 2nd quarter valued at about $9,783,000. Saber Capital Managment LLC purchased a new position in SR Bancorp during the fourth quarter worth approximately $4,270,000. Renaissance Technologies LLC grew its holdings in SR Bancorp by 0.6% in the first quarter. Renaissance Technologies LLC now owns 180,300 shares of the company’s stock valued at $3,043,000 after purchasing an additional 1,000 shares during the period. Dimensional Fund Advisors LP grew its holdings in SR Bancorp by 42.6% in the first quarter. Dimensional Fund Advisors LP now owns 91,104 shares of the company’s stock valued at $1,538,000 after purchasing an additional 27,213 shares during the period. Finally, Ancora Advisors LLC increased its position in shares of SR Bancorp by 2.2% in the second quarter. Ancora Advisors LLC now owns 48,600 shares of the company’s stock valued at $956,000 after buying an additional 1,050 shares in the last quarter. 24.70% of the stock is owned by hedge funds and other institutional investors.

About SR Bancorp

SR Bancorp, Inc is the holding company for Somerset Savings Bank, S.L.A., a community-oriented savings institution headquartered in Bound Brook, New Jersey. The bank serves individuals, families and businesses in communities primarily across central New Jersey.

Somerset Savings Bank provides deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage loans, home equity financing, commercial real estate loans, business lending and consumer loans.