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

Key Points

• Quarterly dividend of $0.05: SR Bancorp declared a $0.05 per-share quarterly dividend, with record and ex-dividend date on March 31 and payment on April 15, implying an annualized yield of about 1.2%.
• Mixed financial and stock performance: SRBK opened at $16.60 (52-week range $11.38–$18.04) with a $138.4M market cap and a P/E of 46.11, and the company missed earnings—EPS $0.09 vs. $0.11 expected and revenue $8.37M vs. $8.50M consensus.

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) declared a quarterly dividend on Wednesday, March 18th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.05 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

SR Bancorp Stock Up 0.9%

SRBK opened at $16.60 on Friday. SR Bancorp has a fifty-two week low of $11.38 and a fifty-two week high of $18.04. The company has a market capitalization of $138.44 million, a P/E ratio of 46.11 and a beta of 0.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04. The firm's fifty day moving average price is $16.88 and its two-hundred day moving average price is $15.86.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last issued its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $8.37 million for the quarter, compared to analyst estimates of $8.50 million. SR Bancorp had a net margin of 5.82% and a return on equity of 1.27%.

About SR Bancorp

SR Bancorp, Inc is a bank holding company that provides a broad array of banking and financial services through its wholly owned subsidiary. The firm focuses on serving community markets and maintaining close relationships with individuals, small businesses and local institutions.

Its product suite includes traditional deposit accounts such as checking and savings, certificates of deposit and money market accounts. On the lending side, SR Bancorp offers consumer, residential mortgage and commercial loans, as well as specialized lending solutions for small and mid-sized businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.