SR Bancorp, Inc. (NASDAQ:SRBK) Plans $0.05 Dividend

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) announced a dividend on Monday, June 23rd, investing.com reports. Investors of record on Tuesday, July 1st will be given a dividend of 0.05 per share on Tuesday, July 15th. This represents a dividend yield of 1.56%. The ex-dividend date is Monday, June 30th.

SR Bancorp Trading Down 1.5%

SRBK opened at $12.84 on Monday. SR Bancorp has a 12 month low of $9.12 and a 12 month high of $13.65. The stock has a 50-day moving average of $12.99 and a 200 day moving average of $12.35. The firm has a market cap of $115.56 million, a P/E ratio of -1,284,000.00 and a beta of 0.57. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.15.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $7.73 million during the quarter. SR Bancorp had a negative return on equity of 0.05% and a negative net margin of 0.24%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded SR Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Insider Buying and Selling

In other SR Bancorp news, insider David M. Orbach purchased 5,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were purchased at an average cost of $13.19 per share, with a total value of $65,950.00. Following the transaction, the insider now directly owns 193,032 shares of the company's stock, valued at $2,546,092.08. This represents a 2.66% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William P. Taylor purchased 2,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was bought at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the purchase, the chief executive officer now owns 72,838 shares in the company, valued at $946,894. The trade was a 2.82% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 10,500 shares of company stock valued at $137,315. Company insiders own 3.60% of the company's stock.

Institutional Trading of SR Bancorp

An institutional investor recently bought a new position in SR Bancorp stock. Jane Street Group LLC bought a new position in SR Bancorp, Inc. (NASDAQ:SRBK - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 22,062 shares of the company's stock, valued at approximately $263,000. Jane Street Group LLC owned about 0.24% of SR Bancorp as of its most recent SEC filing. Hedge funds and other institutional investors own 24.70% of the company's stock.

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.

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