SR Bancorp (NASDAQ:SRBK) Announces Earnings Results

SR Bancorp (NASDAQ:SRBK) issued its quarterly earnings results on Monday. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02), Zacks reports. The business had revenue of $8.90 million during the quarter, compared to analysts’ expectations of $9.00 million. SR Bancorp had a return on equity of 1.62% and a net margin of 6.47%.

SR Bancorp Stock Up 0.7%

NASDAQ:SRBK opened at $19.01 on Tuesday. The company has a market cap of $150.75 million, a price-to-earnings ratio of 46.05 and a beta of 0.57. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. SR Bancorp has a twelve month low of $14.60 and a twelve month high of $20.95. The stock has a fifty day simple moving average of $19.23 and a 200-day simple moving average of $18.35.

SR Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, September 30th. SR Bancorp’s dividend payout ratio (DPR) is 53.33%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen raised SR Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. Weiss Ratings downgraded SR Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, SR Bancorp has an average rating of “Moderate Buy” and an average target price of $19.00.

SR Bancorp Company Profile

SR Bancorp, Inc is the bank holding company for Somerset Hills Bank, a community bank headquartered in Bernardsville, New Jersey. The company provides banking and financial services to individuals, families, businesses and nonprofit organizations through its local banking operations.

Somerset Hills Bank offers deposit products such as checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, commercial and industrial financing, home equity loans and consumer loans.