SR Bancorp, Inc. Declares Quarterly Dividend of $0.05 (NASDAQ:SRBK)

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) announced a quarterly dividend on Wednesday, June 18th, investing.com reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.05 per share on Tuesday, July 15th. This represents a $0.20 annualized dividend and a yield of 1.50%. The ex-dividend date is Monday, June 30th.

SR Bancorp Trading Up 1.6%

Shares of SRBK traded up $0.21 during mid-day trading on Thursday, reaching $13.33. The stock had a trading volume of 78,936 shares, compared to its average volume of 36,098. The business's fifty day moving average is $13.06 and its 200 day moving average is $12.38. SR Bancorp has a 52-week low of $9.12 and a 52-week high of $13.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $119.97 million, a price-to-earnings ratio of -1,333,000.00 and a beta of 0.57.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last issued its quarterly earnings data 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%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, insider David M. Orbach purchased 5,000 shares of the stock in a transaction dated Monday, May 19th. The stock was acquired at an average cost of $13.19 per share, for a total transaction of $65,950.00. Following the completion of the transaction, the insider now directly owns 193,032 shares in the company, valued at approximately $2,546,092.08. This represents a 2.66% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William P. Taylor bought 2,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were purchased at an average price of $13.00 per share, with a total value of $26,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 72,838 shares in the company, valued at $946,894. This trade represents a 2.82% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 10,500 shares of company stock valued at $137,315 over the last 90 days. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SR Bancorp

An institutional investor recently bought a new position in SR Bancorp stock. Jane Street Group LLC bought a new stake in SR Bancorp, Inc. (NASDAQ:SRBK - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 22,062 shares of the company's stock, valued at approximately $263,000. Jane Street Group LLC owned 0.24% of SR Bancorp at the end of the most recent quarter. 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.