SR Bancorp, Inc. (SRBK) To Go Ex-Dividend on June 30th

SR Bancorp, Inc. (NASDAQ:SRBK) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.06 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, June 30th. This is a 20.0% increase from SR Bancorp’s previous quarterly dividend of $0.05.

SR Bancorp Stock Performance

Shares of SRBK remained flat at $18.83 during mid-day trading on Friday. The stock had a trading volume of 62,426 shares, compared to its average volume of 53,050. SR Bancorp has a 12 month low of $12.81 and a 12 month high of $19.61. 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 firm has a market capitalization of $152.52 million, a price-to-earnings ratio of 44.83 and a beta of 0.58. The business has a 50 day moving average of $18.46 and a 200-day moving average of $17.31.

SR Bancorp (NASDAQ:SRBK) last posted 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 company had revenue of $8.36 million for the quarter, compared to the consensus estimate of $8.50 million. SR Bancorp had a net margin of 6.39% and a return on equity of 1.41%.

Institutional Investors Weigh In On SR Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in SR Bancorp by 142.1% during the third quarter. BNP Paribas Financial Markets now owns 2,353 shares of the company’s stock worth $36,000 after buying an additional 1,381 shares during the last quarter. Bank of America Corp DE lifted its stake in 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 valued at $45,000 after acquiring an additional 3,285 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in SR Bancorp in the second quarter valued at $50,000. Russell Investments Group Ltd. bought a new position in shares of SR Bancorp in the 3rd quarter valued at about $53,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SR Bancorp in the 2nd quarter valued at about $58,000. Institutional investors and hedge funds own 24.70% of the company’s stock.

About SR Bancorp

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.