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

by · The Cerbat Gem

SR Bancorp, Inc. (NASDAQ:SRBK – Get Free Report) declared a quarterly dividend on Thursday, December 18th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.05 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, December 31st.

SR Bancorp Price Performance

Shares of NASDAQ:SRBK traded up $0.20 during midday trading on Thursday, reaching $16.75. 22,395 shares of the company were exchanged, compared to its average volume of 41,858. The stock has a market cap of $142.83 million, a PE ratio of 45.26 and a beta of 0.55. The business’s fifty day moving average is $15.24 and its two-hundred day moving average is $14.58. SR Bancorp has a one year low of $11.36 and a one year high of $17.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18.

SR Bancorp (NASDAQ:SRBK – Get Free Report) last announced its quarterly earnings results on Wednesday, November 20th. The company reported $0.16 earnings per share (EPS) for the quarter. SR Bancorp had a net margin of 6.28% and a return on equity of 1.42%. The company had revenue of $8.39 million for the quarter.

Hedge Funds Weigh In On SR Bancorp

A number of large investors have recently bought and sold shares of SRBK. Mink Brook Asset Management LLC grew its position in SR Bancorp by 27.7% in the 1st quarter. Mink Brook Asset Management LLC now owns 362,952 shares of the company’s stock valued at $4,330,000 after acquiring an additional 78,811 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of SR Bancorp by 94.5% during the second quarter. Geode Capital Management LLC now owns 187,005 shares of the company’s stock valued at $2,525,000 after purchasing an additional 90,873 shares during the period. Mangrove Partners IM LLC grew its holdings in shares of SR Bancorp by 5.2% in the third quarter. Mangrove Partners IM LLC now owns 173,310 shares of the company’s stock worth $2,615,000 after purchasing an additional 8,492 shares during the last quarter. Marshall Wace LLP purchased a new position in SR Bancorp in the 2nd quarter worth about $434,000. Finally, Pekin Hardy Strauss Inc. increased its stake in SR Bancorp by 6.9% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 31,000 shares of the company’s stock worth $468,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 24.70% of the company’s stock.

SR Bancorp Company Profile

(Get Free Report)

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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