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

SR Bancorp, Inc. (NASDAQ:SRBK) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.05 per share on Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Monday, March 31st.

SR Bancorp Stock Performance

NASDAQ:SRBK opened at $12.15 on Friday. SR Bancorp has a 52-week low of $8.94 and a 52-week high of $12.76. The business’s fifty day moving average is $12.04 and its 200 day moving average is $11.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market cap of $112.25 million, a price-to-earnings ratio of 202.53 and a beta of 0.91.

SR Bancorp (NASDAQ:SRBK) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter. SR Bancorp had a net margin of 0.95% and a return on equity of 0.21%.

Insider Activity

In other SR Bancorp news, insider David M. Orbach acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was bought at an average price of $11.58 per share, with a total value of $115,800.00. Following the completion of the purchase, the insider now owns 188,032 shares of the company’s stock, valued at approximately $2,177,410.56. This represents a 5.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders bought 14,975 shares of company stock worth $174,689 in the last three months. Corporate insiders own 3.60% of the company’s stock.

About SR Bancorp

SR Bancorp, Inc operates as the holding company for Somerset Regal Bank that provides customary retail and commercial banking services to individuals, businesses, and local municipalities in the communities of Somerset, Middlesex, Hunterdon, and Essex counties in New Jersey. It offers deposit instruments, including noninterest-bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit.