SR Bancorp (NASDAQ:SRBK) Stock Price Down 0.1% - Time to Sell?

Key Points

• SR Bancorp's stock has decreased by 0.1%, trading around $14.91, with a slight decline in daily share volume.
• Wall Street analysts have dropped SR Bancorp's rating from "hold" to "sell," indicating a potential negative outlook on the stock.
• The company recently declared a quarterly dividend of $0.05 per share, yielding approximately 1.3% annually, with a payout ratio of 45.45%.

Shares of SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report) dropped 0.1% during mid-day trading on Monday . The company traded as low as $14.86 and last traded at $14.91. Approximately 28,726 shares changed hands during trading, a decline of 1% from the average daily volume of 29,092 shares. The stock had previously closed at $14.92.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded SR Bancorp from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd.

SR Bancorp Price Performance

The business has a 50 day moving average price of $14.53 and a two-hundred day moving average price of $13.29. 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 stock has a market cap of $134.19 million, a PE ratio of 33.89 and a beta of 0.58.

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

SR Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.3%. SR Bancorp's payout ratio is presently 45.45%.

Institutional Investors Weigh In On SR Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of SR Bancorp by 4,158.2% in the second quarter. Bank of America Corp DE now owns 3,364 shares of the company's stock worth $45,000 after purchasing an additional 3,285 shares during the period. JPMorgan Chase & Co. bought a new position in shares of SR Bancorp in the second quarter worth $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SR Bancorp in the second quarter worth $58,000. Northern Trust Corp increased its holdings in shares of 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 purchasing an additional 4,748 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of SR Bancorp in the second quarter worth $103,000. Institutional investors own 24.70% of the company's stock.

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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