SR Bancorp (NASDAQ:SRBK) Announces Earnings Results

SR Bancorp (NASDAQ:SRBK) announced its quarterly earnings data on Monday. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02), Zacks reports. SR Bancorp had a net margin of 6.47% and a return on equity of 1.62%.

SR Bancorp Price Performance

Shares of SR Bancorp stock traded up $0.13 during trading on Monday, reaching $19.01. 27,377 shares of the stock traded hands, compared to its average volume of 36,597. The company has a market capitalization of $150.75 million, a price-to-earnings ratio of 42.24 and a beta of 0.57. The business has a fifty day simple moving average of $19.22 and a two-hundred day simple moving average of $19.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.06 and a quick ratio of 1.06. SR Bancorp has a 52-week low of $14.60 and a 52-week high of $20.95.

SR Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued 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 of this dividend was Wednesday, September 30th. SR Bancorp’s dividend payout ratio is 53.33%.

Wall Street Analyst Weigh In

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