SR Bancorp (NASDAQ:SRBK) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of SR Bancorp (NASDAQ:SRBK) from a hold rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of SR Bancorp in a report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, SR Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

SR Bancorp Price Performance

SR Bancorp stock opened at $19.40 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $157.14 million, a PE ratio of 43.11 and a beta of 0.55. SR Bancorp has a 12 month low of $14.33 and a 12 month high of $20.95. The stock has a 50-day moving average price of $19.66 and a two-hundred day moving average price of $18.71.

SR Bancorp (NASDAQ:SRBK) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $8.58 million for the quarter, compared to the consensus estimate of $8.60 million. SR Bancorp had a return on equity of 1.61% and a net margin of 6.47%.

SR Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, September 30th. SR Bancorp’s dividend payout ratio (DPR) is presently 53.33%.

Hedge Funds Weigh In On SR Bancorp

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in SR Bancorp by 0.6% during the 1st quarter. Renaissance Technologies LLC now owns 180,300 shares of the company’s stock worth $3,043,000 after buying an additional 1,000 shares during the period. Ancora Advisors LLC grew its stake in SR Bancorp by 2.2% in the second quarter. Ancora Advisors LLC now owns 48,600 shares of the company’s stock valued at $956,000 after acquiring an additional 1,050 shares during the period. Arcus Capital Partners LLC grew its stake in SR Bancorp by 3.7% in the first quarter. Arcus Capital Partners LLC now owns 41,920 shares of the company’s stock valued at $708,000 after acquiring an additional 1,485 shares during the period. Deutsche Bank AG bought a new stake in shares of SR Bancorp during the second quarter valued at approximately $135,000. Finally, Oppenheimer & Close LLC bought a new stake in shares of SR Bancorp during the fourth quarter valued at approximately $165,000. Institutional investors and hedge funds own 24.70% of the company’s stock.

About SR Bancorp

SR Bancorp, Inc is the holding company for Somerset Savings Bank, S.L.A., a community-oriented savings institution headquartered in Bound Brook, New Jersey. The bank serves individuals, families and businesses in communities primarily across central New Jersey.

Somerset Savings Bank provides deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage loans, home equity financing, commercial real estate loans, business lending and consumer loans.