SR Bancorp, Inc. $SRBK Stock Holdings Raised by Mink Brook Asset Management LLC

Key Points

• Mink Brook Asset Management LLC increased its stake in SR Bancorp by 27.7% in the first quarter, becoming the firm's 7th largest position, now holding approximately 4.6% of the company.
• SR Bancorp recently announced a quarterly dividend of $0.05 per share, which represents an annualized yield of 1.4% and is part of a respectable dividend payout ratio of 45.45%.
• Wall Street analysts downgraded SR Bancorp from a "hold" to a "sell" rating, reflecting a shift in sentiment regarding the stock's performance potential.

Mink Brook Asset Management LLC increased its stake in SR Bancorp, Inc. (NASDAQ:SRBK - Free Report) by 27.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 362,952 shares of the company's stock after purchasing an additional 78,811 shares during the quarter. SR Bancorp accounts for 4.6% of Mink Brook Asset Management LLC's portfolio, making the stock its 7th largest position. Mink Brook Asset Management LLC owned about 3.93% of SR Bancorp worth $4,330,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Arcus Capital Partners LLC bought a new stake in shares of SR Bancorp in the first quarter worth $483,000. 24.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded SR Bancorp from a "hold" rating to a "sell" rating in a report on Friday, August 22nd.

SR Bancorp Price Performance

NASDAQ:SRBK traded down $0.01 during trading hours on Thursday, hitting $15.14. 27,842 shares of the stock traded hands, compared to its average volume of 47,399. The company has a market cap of $136.26 million, a price-to-earnings ratio of 34.41 and a beta of 0.59. SR Bancorp, Inc. has a 1 year low of $9.85 and a 1 year high of $15.22. The stock has a 50 day moving average price of $14.10 and a 200 day moving average price of $13.03. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.06 EPS for the quarter. SR Bancorp had a return on equity of 1.74% and a net margin of 7.70%.The company had revenue of $7.97 million for the quarter.

SR Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.3%. SR Bancorp's dividend payout ratio is presently 45.45%.

About SR Bancorp

SR Bancorp, Inc operates as the holding company for Somerset Regal Bank that provides customary retail and commercial banking services to individuals, businesses, and local municipalities in the communities of Somerset, Middlesex, Hunterdon, and Essex counties in New Jersey. It offers deposit instruments, including noninterest-bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit.