SR Bancorp, Inc. (NASDAQ:SRBK) Announces $0.05 Quarterly Dividend

SR Bancorp, Inc. (NASDAQ:SRBK) declared a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders 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 dividend yield of 1.70%.

SR Bancorp Price Performance

NASDAQ SRBK opened at $11.79 on Friday. SR Bancorp has a one year low of $8.94 and a one year high of $12.76. The stock has a 50-day moving average of $12.01 and a 200 day moving average of $11.50. The company has a market capitalization of $108.93 million, a price-to-earnings ratio of 196.53 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.01.

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

Insiders Place Their Bets

In other news, insider David M. Orbach acquired 10,000 shares of the business’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 acquisition, the insider now directly owns 188,032 shares of the company’s stock, valued at approximately $2,177,410.56. The trade was a 5.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders purchased 14,975 shares of company stock valued at $174,689. Company insiders own 3.60% of the company’s stock.

SR Bancorp Company Profile

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.