SR Bancorp (NASDAQ:SRBK) Posts Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• SR Bancorp reported quarterly EPS of $0.15, missing analysts’ consensus estimate of $0.17 by $0.02. The company posted a 1.62% return on equity and a 6.47% net margin.
• Shares rose 0.7% to $19.01 following the results. SR Bancorp has a market capitalization of approximately $150.75 million and trades near the analyst consensus price target of $19.00.
• The company declared a quarterly dividend of $0.06 per share, equivalent to $0.24 annually and a 1.3% yield. Analysts’ overall consensus rating is “Moderate Buy,” with one Buy and one Hold rating.

SR Bancorp (NASDAQ:SRBK - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02), Zacks reports. SR Bancorp had a return on equity of 1.62% and a net margin of 6.47%.

SR Bancorp Stock Up 0.7%

Shares of NASDAQ SRBK traded up $0.13 during trading hours on Monday, hitting $19.01. The stock had a trading volume of 27,377 shares, compared to its average volume of 36,597. The company has a market capitalization of $150.75 million, a P/E ratio of 42.24 and a beta of 0.57. The firm's 50-day moving average price is $19.22 and its two-hundred day moving average price is $19.02. SR Bancorp has a 52 week low of $14.60 and a 52 week high of $20.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.06.

SR Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, September 30th. SR Bancorp's payout ratio is currently 53.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SRBK shares. Weiss Ratings downgraded shares of SR Bancorp from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 2nd. Wall Street Zen raised shares of SR Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, October 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

About SR Bancorp

SR Bancorp, Inc is the bank holding company for Somerset Hills Bank, a community bank headquartered in Bernardsville, New Jersey. The company provides banking and financial services to individuals, families, businesses and nonprofit organizations through its local banking operations.

Somerset Hills Bank offers deposit products such as checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, commercial and industrial financing, home equity loans and consumer loans.

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