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

Key Points

• SR Bancorp, Inc. announced a quarterly dividend of $0.05 per share, with the payment to be made on October 15th for investors of record as of September 30th.
• The company's stock traded at $15.35 on Monday, reflecting a 1.3% annualized yield and a market capitalization of $138.10 million.
• Institutional investors have increased their stakes in SR Bancorp significantly, with Bank of America boosting its position by over 4,158% during the 2nd quarter.

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) declared a quarterly dividend on Monday, September 22nd. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.05 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th.

SR Bancorp Stock Up 0.6%

Shares of SRBK stock traded up $0.09 during trading hours on Tuesday, reaching $15.44. The company had a trading volume of 32,282 shares, compared to its average volume of 46,390. 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 company has a market cap of $138.92 million, a price-to-earnings ratio of 35.08 and a beta of 0.58. The business has a fifty day simple moving average of $14.60 and a 200-day simple moving average of $13.41. SR Bancorp has a 12 month low of $10.54 and a 12 month high of $15.46.

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

Institutional Trading of SR Bancorp

Large investors have recently bought and sold shares of the company. Arcus Capital Partners LLC purchased a new stake in SR Bancorp in the first quarter worth $483,000. Northern Trust Corp increased its position in SR Bancorp by 34.3% in the fourth quarter. Northern Trust Corp now owns 18,592 shares of the company's stock worth $221,000 after buying an additional 4,748 shares during the last quarter. Mink Brook Asset Management LLC increased its position in SR Bancorp by 27.7% in the first quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company's stock worth $4,330,000 after buying an additional 78,811 shares during the last quarter. Geode Capital Management LLC increased its position in SR Bancorp by 94.5% in the second quarter. Geode Capital Management LLC now owns 187,005 shares of the company's stock worth $2,525,000 after buying an additional 90,873 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in SR Bancorp in the second quarter worth $434,000. 24.70% of the stock is owned by hedge funds and other institutional investors.

SR Bancorp Company Profile

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.