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

Key Points

• SR Bancorp declared a quarterly dividend of $0.06 per share, payable October 15 to shareholders of record on September 30. The dividend represents an annualized yield of approximately 1.2%.
• The stock opened at $19.66, up 0.6%, with a market capitalization of $159.25 million. Shares remain below their 52-week high of $20.95 but above the 52-week low of $14.33.
• SR Bancorp reported quarterly EPS of $0.12, missing analysts’ $0.13 estimate, while revenue of $8.58 million was slightly below the $8.60 million consensus. Institutional investors and hedge funds own 24.7% of the company.

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Wednesday, September 30th will be given 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 Up 0.6%

SR Bancorp stock opened at $19.66 on Friday. The company has a market capitalization of $159.25 million, a P/E ratio of 43.69 and a beta of 0.55. The firm's fifty day simple moving average is $19.64 and its 200-day simple moving average is $18.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27. SR Bancorp has a 1-year low of $14.33 and a 1-year high of $20.95.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). SR Bancorp had a return on equity of 1.61% and a net margin of 6.47%.The business had revenue of $8.58 million during the quarter, compared to the consensus estimate of $8.60 million.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SRBK. BlackRock Inc. bought a new stake in shares of SR Bancorp during the second quarter valued at approximately $9,783,000. Saber Capital Managment LLC bought a new stake in SR Bancorp in the 4th quarter valued at $4,270,000. Ancora Advisors LLC bought a new stake in SR Bancorp in the 2nd quarter valued at $956,000. Dimensional Fund Advisors LP raised its stake in shares of SR Bancorp by 42.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 91,104 shares of the company's stock valued at $1,538,000 after buying an additional 27,213 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of SR Bancorp in the 2nd quarter valued at $427,000. 24.70% of the stock is currently owned by institutional investors and hedge funds.

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.

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