SR Bancorp (NASDAQ:SRBK) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

SR Bancorp (NASDAQ:SRBK) issued its quarterly earnings results on Monday. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02), Zacks reports. The firm had revenue of $8.90 million during the quarter, compared to analyst estimates of $9.00 million.

SR Bancorp Trading Down 1.1%

SRBK stock traded down $0.20 during trading on Wednesday, hitting $18.80. The company had a trading volume of 1,682 shares, compared to its average volume of 36,559. The stock has a market cap of $149.14 million, a PE ratio of 36.80 and a beta of 0.57. The business has a 50-day moving average of $19.19 and a 200-day moving average of $18.38. SR Bancorp has a one year low of $14.60 and a one year high of $20.95.

SR Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. SR Bancorp’s payout ratio is currently 47.06%.

Analyst Ratings Changes

SRBK has been the topic of a number of analyst reports. Weiss Ratings cut shares of SR Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd. Wall Street Zen upgraded shares of SR Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

About SR Bancorp

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.