SR Bancorp, Inc. (SRBK) to Issue Quarterly Dividend of $0.05 on April 15th

SR Bancorp, Inc. (NASDAQ:SRBK) declared a quarterly dividend on Wednesday, March 18th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.05 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

SR Bancorp Trading Up 0.9%

Shares of SRBK opened at $16.60 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.04 and a current ratio of 1.04. SR Bancorp has a 52-week low of $11.38 and a 52-week high of $18.04. The firm has a market cap of $138.44 million, a price-to-earnings ratio of 46.11 and a beta of 0.55. The business’s fifty day moving average is $16.88 and its 200-day moving average is $15.86.

SR Bancorp (NASDAQ:SRBK) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $8.37 million for the quarter, compared to the consensus estimate of $8.50 million. SR Bancorp had a return on equity of 1.27% and a net margin of 5.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SRBK shares. Wall Street Zen cut shares of SR Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SR Bancorp in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.00.

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.