SR Bancorp, Inc. (NASDAQ:SRBK) Announces Quarterly Dividend of $0.06

SR Bancorp, Inc. (NASDAQ:SRBK) declared a quarterly dividend on Thursday, June 18th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.06 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 20.0% increase from SR Bancorp’s previous quarterly dividend of $0.05.

SR Bancorp Trading Down 0.3%

Shares of SR Bancorp stock opened at $18.83 on Friday. SR Bancorp has a 12-month low of $12.81 and a 12-month high of $19.61. The stock has a market cap of $152.52 million, a PE ratio of 44.83 and a beta of 0.58. The company has a 50-day moving average of $18.46 and a two-hundred day moving average of $17.31. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27.

SR Bancorp (NASDAQ:SRBK) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $8.36 million during the quarter, compared to analysts’ expectations of $8.50 million. SR Bancorp had a return on equity of 1.41% and a net margin of 6.39%.

Institutional Trading of SR Bancorp

A number of hedge funds have recently bought and sold shares of SRBK. Saber Capital Managment LLC purchased a new stake in SR Bancorp in the 4th quarter worth approximately $4,270,000. Geode Capital Management LLC lifted its stake in shares of SR Bancorp by 94.5% during the 2nd quarter. Geode Capital Management LLC now owns 187,005 shares of the company’s stock worth $2,525,000 after purchasing an additional 90,873 shares during the period. Marshall Wace LLP acquired a new stake in shares of SR Bancorp during the second quarter worth $434,000. Dimensional Fund Advisors LP boosted its holdings in shares of SR Bancorp by 42.6% during the first quarter. Dimensional Fund Advisors LP now owns 91,104 shares of the company’s stock worth $1,538,000 after purchasing an additional 27,213 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of SR Bancorp in the first quarter valued at $263,000. Institutional investors and hedge funds own 24.70% of the company’s stock.

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.