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

SR Bancorp, Inc. (NASDAQ:SRBK) declared a quarterly dividend on Wednesday, March 18th. Investors of record on Tuesday, March 31st will be given a dividend of 0.05 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, March 31st.

SR Bancorp Stock Up 0.9%

Shares of NASDAQ SRBK opened at $16.60 on Friday. The stock has a market cap of $138.44 million, a P/E ratio of 46.11 and a beta of 0.55. The firm has a 50 day moving average price of $16.88 and a 200 day moving average price of $15.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04. SR Bancorp has a 52-week low of $11.38 and a 52-week high of $18.04.

SR Bancorp (NASDAQ:SRBK) last posted its earnings results on Wednesday, January 28th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $8.37 million during the quarter, compared to analyst estimates of $8.50 million. SR Bancorp had a return on equity of 1.27% and a net margin of 5.82%.

Institutional Trading of SR Bancorp

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of SR Bancorp by 142.1% during the third quarter. BNP Paribas Financial Markets now owns 2,353 shares of the company’s stock worth $36,000 after buying an additional 1,381 shares during the period. Bank of America Corp DE lifted its stake in SR Bancorp by 4,158.2% in the 2nd quarter. Bank of America Corp DE now owns 3,364 shares of the company’s stock valued at $45,000 after acquiring an additional 3,285 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in SR Bancorp in the 2nd quarter valued at approximately $50,000. Russell Investments Group Ltd. acquired a new position in SR Bancorp during the 3rd quarter worth approximately $53,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in SR Bancorp during the 2nd quarter worth approximately $58,000. 24.70% of the stock is currently owned by institutional investors.

About SR Bancorp

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.