SR Bancorp (NASDAQ:SRBK) Releases Earnings Results, Misses Estimates By $0.02 EPS

SR Bancorp (NASDAQ:SRBK) released its quarterly earnings data on Wednesday. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02), Zacks reports. SR Bancorp had a return on equity of 1.42% and a net margin of 6.28%.The business had revenue of $8.37 million during the quarter, compared to the consensus estimate of $8.50 million.

SR Bancorp Trading Up 1.4%

SRBK traded up $0.24 during trading on Thursday, reaching $16.98. 22,237 shares of the company’s stock were exchanged, compared to its average volume of 33,998. The company’s fifty day moving average price is $16.16 and its 200-day moving average price is $15.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $144.84 million, a PE ratio of 45.89 and a beta of 0.54. SR Bancorp has a fifty-two week low of $11.36 and a fifty-two week high of $17.10.

SR Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, December 31st. SR Bancorp’s dividend payout ratio (DPR) is 54.05%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SRBK shares. Wall Street Zen downgraded shares of SR Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Hovde Group initiated coverage on SR Bancorp in a report on Tuesday, November 18th. They issued a “market perform” rating and a $16.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SR Bancorp in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, SR Bancorp has a consensus rating of “Hold” and a consensus target price of $16.00.

Hedge Funds Weigh In On SR Bancorp

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in SR Bancorp by 76.2% during the third quarter. JPMorgan Chase & Co. now owns 6,576 shares of the company’s stock worth $99,000 after buying an additional 2,843 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of SR Bancorp during the third quarter valued at approximately $290,000. Mangrove Partners IM LLC boosted its position 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 period. BNP Paribas Financial Markets grew its holdings in SR Bancorp by 142.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,353 shares of the company’s stock valued at $36,000 after purchasing an additional 1,381 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in SR Bancorp in the third quarter worth about $53,000. 24.70% of the stock is owned by institutional investors.

SR Bancorp Company Profile

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.