SR Bancorp, Inc. (SRBK) to Issue Quarterly Dividend of $0.05 on October 15th

SR Bancorp, Inc. (NASDAQ:SRBK) announced a quarterly dividend on Friday, September 19th. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.05 per share on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th.

SR Bancorp Stock Performance

Shares of SRBK stock opened at $15.12 on Friday. The business has a fifty day moving average of $14.66 and a 200 day moving average of $13.50. The firm has a market capitalization of $136.08 million, a price-to-earnings ratio of 34.36 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.02. SR Bancorp has a 1 year low of $10.54 and a 1 year high of $15.45.

SR Bancorp (NASDAQ:SRBK) last posted its earnings results on Thursday, July 31st. The company reported $0.06 EPS for the quarter. SR Bancorp had a return on equity of 1.74% and a net margin of 7.70%.The firm had revenue of $7.97 million for the quarter.

Hedge Funds Weigh In On SR Bancorp

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of SR Bancorp by 4,158.2% in the second quarter. Bank of America Corp DE now owns 3,364 shares of the company’s stock worth $45,000 after acquiring an additional 3,285 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of SR Bancorp during the second quarter worth $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in SR Bancorp in the second quarter valued at $58,000. Northern Trust Corp raised its holdings in shares of SR Bancorp by 34.3% in the fourth quarter. Northern Trust Corp now owns 18,592 shares of the company’s stock valued at $221,000 after buying an additional 4,748 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in shares of SR Bancorp during the second quarter worth about $103,000. 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.