SR Bancorp (NASDAQ:SRBK) Trading Down 0.5% - Time to Sell?

Key Points

• SR Bancorp's stock price fell 0.5%, closing at $14.89, with a trading volume that was 18% lower than its average.
• Analysts currently have an average rating of "Sell" for SR Bancorp, with one upgrade from a "sell" to a "hold" rating reported recently.
• The company declared a $0.05 quarterly dividend, with a yield of 1.3%, payable on October 15th to stockholders of record by September 30th.

SR Bancorp, Inc. (NASDAQ:SRBK - Get Free Report)'s stock price dropped 0.5% during trading on Tuesday . The stock traded as low as $14.86 and last traded at $14.89. Approximately 29,397 shares were traded during trading, a decline of 18% from the average daily volume of 36,045 shares. The stock had previously closed at $14.97.

Analyst Upgrades and Downgrades

SRBK has been the subject of several analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of SR Bancorp in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of SR Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Sell".

SR Bancorp Stock Performance

The stock has a market cap of $129.69 million, a price-to-earnings ratio of 33.84 and a beta of 0.57. The stock's fifty day moving average is $14.73 and its 200-day moving average is $13.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

SR Bancorp (NASDAQ:SRBK - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $7.97 million during the quarter. SR Bancorp had a net margin of 7.70% and a return on equity of 1.75%.

SR Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 30th. SR Bancorp's dividend payout ratio is 45.45%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SRBK. Geode Capital Management LLC boosted its holdings in shares of SR Bancorp by 94.5% in the second quarter. Geode Capital Management LLC now owns 187,005 shares of the company's stock valued at $2,525,000 after buying an additional 90,873 shares during the period. Mink Brook Asset Management LLC boosted its holdings in shares of SR Bancorp by 27.7% in the first quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company's stock valued at $4,330,000 after buying an additional 78,811 shares during the period. Arcus Capital Partners LLC acquired a new position in shares of SR Bancorp in the first quarter valued at approximately $483,000. Marshall Wace LLP acquired a new position in shares of SR Bancorp in the second quarter valued at approximately $434,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of SR Bancorp in the second quarter valued at approximately $392,000. Institutional investors and hedge funds 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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