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

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

SR Bancorp Price Performance

SRBK opened at $16.60 on Friday. SR Bancorp has a one year low of $11.38 and a one year high of $18.04. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50 day simple moving average is $16.88 and its 200-day simple moving average is $15.86. The stock has a market capitalization of $138.44 million, a P/E ratio of 46.11 and a beta of 0.55.

SR Bancorp (NASDAQ:SRBK) last posted its quarterly earnings data 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). SR Bancorp had a return on equity of 1.27% and a net margin of 5.82%.The company had revenue of $8.37 million during the quarter, compared to the consensus estimate of $8.50 million.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of SR Bancorp in a research note on Thursday, January 22nd. Wall Street Zen cut SR Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.00.

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.