SR Bancorp (NASDAQ:SRBK) Posts Earnings Results

Key Points

• SR Bancorp reported a quarterly earnings per share (EPS) of $0.06 with a revenue of $7.97 million and a return on equity of 1.74%.
• The company declared a quarterly dividend of $0.05 per share, translating to an annualized yield of 1.4%.
• Insiders, including CEO William P. Taylor, purchased a total of 10,500 shares recently, indicating confidence in the company's future performance.

SR Bancorp (NASDAQ:SRBK - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.06 EPS for the quarter, Zacks reports. SR Bancorp had a return on equity of 1.74% and a net margin of 7.70%. The business had revenue of $7.97 million for the quarter.

SR Bancorp Stock Performance

SR Bancorp stock traded up $0.04 during mid-day trading on Friday, reaching $13.96. 38,602 shares of the company were exchanged, compared to its average volume of 53,690. SR Bancorp has a twelve month low of $9.50 and a twelve month high of $14.96. The firm's 50-day simple moving average is $13.58 and its two-hundred day simple moving average is $12.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $125.64 million, a PE ratio of 31.73 and a beta of 0.59.

SR Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 30th.

Insider Buying and Selling

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

Hedge Funds Weigh In On SR Bancorp

An institutional investor recently bought a new position in SR Bancorp stock. Jane Street Group LLC purchased a new position in shares of SR Bancorp, Inc. (NASDAQ:SRBK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,062 shares of the company's stock, valued at approximately $263,000. Jane Street Group LLC owned approximately 0.24% of SR Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 24.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised SR Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday.

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.

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