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

SR Bancorp (NASDAQ:SRBK) released its quarterly earnings data on Monday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02), Zacks reports. SR Bancorp had a net margin of 6.47% and a return on equity of 1.62%.

SR Bancorp Stock Performance

SR Bancorp stock traded up $0.13 on Monday, reaching $19.01. 27,377 shares of the stock were exchanged, compared to its average volume of 36,597. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. SR Bancorp has a twelve month low of $14.60 and a twelve month high of $20.95. The firm has a fifty day moving average price of $19.22 and a two-hundred day moving average price of $19.02. The stock has a market cap of $150.75 million, a PE ratio of 42.24 and a beta of 0.57.

SR Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. SR Bancorp’s payout ratio is currently 53.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings downgraded SR Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd. Wall Street Zen upgraded SR Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

About SR Bancorp

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.