SR Bancorp (NASDAQ:SRBK) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

SR Bancorp, Inc. (NASDAQ:SRBK) shares passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $19.10 and traded as low as $18.78. SR Bancorp shares last traded at $18.92, with a volume of 30,641 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently commented on SRBK. Weiss Ratings lowered shares of SR Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 29th. Wall Street Zen upgraded shares of SR Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.00.

SR Bancorp Price Performance

The stock has a market capitalization of $150.04 million, a price-to-earnings ratio of 37.10 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average of $19.10 and a 200 day moving average of $18.44.

SR Bancorp (NASDAQ:SRBK) last posted its quarterly earnings results on Monday, October 26th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $8.90 million during the quarter, compared to analyst estimates of $9.00 million. SR Bancorp had a net margin of 6.95% and a return on equity of 1.82%.

SR Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Wednesday, September 30th. SR Bancorp’s dividend payout ratio is presently 47.06%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in SR Bancorp in the second quarter worth approximately $9,783,000. Renaissance Technologies LLC increased its position in shares of SR Bancorp by 0.6% in the 1st quarter. Renaissance Technologies LLC now owns 180,300 shares of the company’s stock valued at $3,043,000 after purchasing an additional 1,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of SR Bancorp by 42.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 91,104 shares of the company’s stock valued at $1,538,000 after purchasing an additional 27,213 shares during the last quarter. Ancora Advisors LLC raised its holdings in shares of SR Bancorp by 2.2% in the 2nd quarter. Ancora Advisors LLC now owns 48,600 shares of the company’s stock valued at $956,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Arcus Capital Partners LLC raised its holdings in shares of SR Bancorp by 3.7% in the 1st quarter. Arcus Capital Partners LLC now owns 41,920 shares of the company’s stock valued at $708,000 after purchasing an additional 1,485 shares in the last quarter. Hedge funds and other institutional investors own 24.70% of the company’s stock.

SR Bancorp Company Profile

SR Bancorp, Inc is the bank holding company for Somerset Hills Bank, a community bank headquartered in Bernardsville, New Jersey. The company provides banking and financial services to individuals, families, businesses and nonprofit organizations through its local banking operations.

Somerset Hills Bank offers deposit products such as checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, commercial and industrial financing, home equity loans and consumer loans.