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

SR Bancorp, Inc. (NASDAQ:SRBK) declared a dividend on Monday, June 23rd, investing.com reports. Shareholders of record on Tuesday, July 1st will be given a dividend of 0.05 per share on Tuesday, July 15th. This represents a yield of 1.56%. The ex-dividend date is Monday, June 30th.

SR Bancorp Trading Down 1.5%

NASDAQ SRBK opened at $12.84 on Monday. SR Bancorp has a 52-week low of $9.12 and a 52-week high of $13.65. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $115.56 million, a P/E ratio of -1,284,000.00 and a beta of 0.57. The firm has a 50-day moving average price of $12.99 and a 200 day moving average price of $12.35.

SR Bancorp (NASDAQ:SRBK) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $7.73 million during the quarter. SR Bancorp had a negative net margin of 0.24% and a negative return on equity of 0.05%.

Insider Activity

In other SR Bancorp news, CEO William P. Taylor bought 2,000 shares of SR Bancorp stock in a transaction on Thursday, May 29th. The shares were purchased at an average cost of $13.00 per share, with a total value of $26,000.00. Following the acquisition, the chief executive officer now directly owns 72,838 shares of the company’s stock, valued at $946,894. The trade was a 2.82% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David M. Orbach acquired 2,500 shares of the stock in a transaction on Monday, May 19th. The shares were acquired at an average price of $13.19 per share, for a total transaction of $32,975.00. Following the acquisition, the insider now owns 7,500 shares of the company’s stock, valued at approximately $98,925. The trade was a 50.00% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 10,500 shares of company stock valued at $137,315 over the last three months. 3.60% of the stock is owned by insiders.

Institutional Trading of SR Bancorp

A hedge fund recently bought a new stake in SR Bancorp stock. Jane Street Group LLC purchased a new stake in shares of SR Bancorp, Inc. (NASDAQ:SRBK) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 22,062 shares of the company’s stock, valued at approximately $263,000. Jane Street Group LLC owned approximately 0.24% of SR Bancorp at the end of the most recent quarter. 24.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of SR Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd.

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.