SR Bancorp, Inc. (NASDAQ:SRBK) Announces Quarterly Dividend of $0.06

SR Bancorp, Inc. (NASDAQ:SRBK) announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.06 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend 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 Price Performance

SRBK traded down $0.05 during midday trading on Thursday, reaching $18.83. 62,426 shares of the company’s stock were exchanged, compared to its average volume of 44,217. 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 company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.27. SR Bancorp has a one year low of $12.81 and a one year high of $19.61. The business has a 50-day simple moving average of $18.43 and a two-hundred day simple moving average of $17.28.

SR Bancorp (NASDAQ:SRBK) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. SR Bancorp had a return on equity of 1.41% and a net margin of 6.39%.The company had revenue of $8.36 million for the quarter, compared to the consensus estimate of $8.50 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SRBK. BNP Paribas Financial Markets increased its holdings in SR Bancorp by 142.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,353 shares of the company’s stock valued at $36,000 after purchasing an additional 1,381 shares in the last quarter. Bank of America Corp DE raised its position in SR Bancorp by 4,158.2% in the 2nd quarter. Bank of America Corp DE now owns 3,364 shares of the company’s stock valued at $45,000 after purchasing an additional 3,285 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in SR Bancorp in the second quarter worth $50,000. Russell Investments Group Ltd. acquired a new position in SR Bancorp in the third quarter worth $53,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of SR Bancorp during the second quarter worth $58,000. 24.70% of the stock is owned by institutional investors and hedge funds.

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.