SR Bancorp, Inc. (SRBK) to Distribute Quarterly Dividend of $0.06 on July 15th

SR Bancorp, Inc. (NASDAQ:SRBK) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Tuesday, June 30th will be given a dividend of 0.06 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. 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 Stock Performance

Shares of NASDAQ:SRBK opened at $19.36 on Friday. The company’s 50 day simple moving average is $18.65 and its 200 day simple moving average is $17.45. The stock has a market capitalization of $156.82 million, a price-to-earnings ratio of 46.10 and a beta of 0.58. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.04. SR Bancorp has a 1 year low of $13.39 and a 1 year high of $19.61.

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

SR Bancorp declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 21st that allows the company to repurchase 801,320,000,000 outstanding shares. This repurchase authorization allows the company to buy up to 9.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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.