Streetbeat News

SRBK

SR Bancorp, Inc. Common stock

https://www.somersetsavings.com

Industry

Banks - Regional

SR Bancorp, Inc., through its subsidiary, Somerset Savings Bank, SLA, provides commercial banking services. The company offers various deposit and loan products to individuals and small businesses. It operates branches in Hunterdon, Middlesex, and Somerset Counties, New Jersey. The company was founded in 1887 and is based in Bound Brook, New Jersey.

Open

11.98

Mkt cap

105M

Volume

4.9K

High

12.10

P/E Ratio

1.41

52-wk high

12.46

Low

11.98

Div yield

N/A

52-wk low

8.94

SR Bancorp reported a significant improvement in its September quarter EPS, rising to $0.16 from a loss of $10.03 the previous year. Excluding net accretion income, net income was $627,000.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:01 pm

SR Bancorp has announced a share repurchase program, allowing the company to buy back up to 950,793 shares. This move is often seen as a way to return value to shareholders and can indicate that the company believes its stock is undervalued.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 1:03 pm

Insider trades reveal significant purchases in Singular Genomics Systems, NewtekOne, and SR Bancorp, indicating potential confidence in these companies' prospects. Singular Genomics received a non-binding acquisition proposal, NewtekOne declared a dividend, and SR Bancorp reported a Q2 loss.

Portfolio Pulse from Avi Kapoor

September 19, 2024 | 1:53 pm

Insider purchases were made in BJ's Wholesale, Global Partners, and SR Bancorp, indicating potential confidence in these companies. BJ's reported strong Q2 results, while Global Partners and SR Bancorp had less favorable financial outcomes.

Portfolio Pulse from Avi Kapoor

September 18, 2024 | 1:21 pm

SR Bancorp reported a Q2 EPS of $(0.34), a significant decline compared to $0.12 in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 9:32 pm

SR Bancorp reported a FY 2024 EPS of $(1.15), indicating a loss for the fiscal year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:47 pm

SR Bancorp reported a decrease in EPS to $0.12 from $0.18 YoY with net income of $1.1 million for Q1 2024, down from $1.6 million in the previous quarter. Excluding certain adjustments, net income would have been $258,000. Total assets grew by 61.6% to $1.05 billion, net loans by 92.9% to $698.9 million, and total deposits by 66.3% to $838.0 million since June 30, 2023. The bank also completed the integration of the Regal Bank core system.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:24 pm

On Tuesday, 132 companies hit new 52-week lows. Among them, Corning (NYSE:GLW) was the largest in terms of market cap, while Wheeler Real Estate IT (NASDAQ:WHLR) was the smallest. Fortress Biotech (NASDAQ:FBIO) saw the largest move with shares plummeting 1350.03%, while Insulet (NASDAQ:PODD) made the biggest bounce back, moving up 0.0% shortly after hitting a new 52-week low.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:09 pm

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