회사 개요
SR Bancorp, Inc. operates as the holding company for Somerset Regal Bank, which provides retail and commercial banking services to individuals, businesses, and local municipalities within Essex, Hunterdon, Middlesex, Morris, Somerset, and Union counties in New Jersey. The company functions within the Financial Services sector, specifically in the Banks - Regional industry, a classification that denotes its focus on localized banking operations rather than national or international reach. With a market capitalization of $137.67M, an annual revenue of $31.75M, and an employee count of 119, the entity maintains a relatively small operational footprint compared to large national banks. These valuation and revenue figures indicate that SRBK is a micro-cap institution with limited scale, suggesting its financial stability and growth potential are heavily dependent on the economic conditions of its specific geographic footprint in New Jersey.
재무 건전성
The company reported revenue of $31.75M over the trailing twelve months, generating net income of $4.28M, while EBITDA figures are not available in the current reporting cycle. The significant gap between the reported revenue and net income reveals a cost structure where operating expenses, such as personnel costs and overhead, consume a substantial portion of the top line before reaching the bottom line. Free cash flow data is not disclosed for this period, which limits the immediate assessment of the company's financial flexibility and its ability to fund internal projects without external financing. Despite the lack of explicit free cash flow reporting, the balance sheet shows a cash position of $81.84M against total debt of $52.78M, indicating a liquidity buffer that exceeds its current liabilities. The debt-to-equity ratio is not provided, yet the presence of excess cash suggests a conservative balance sheet approach rather than a highly leveraged structure. Furthermore, the current ratio is not explicitly stated, making a direct quantitative assessment of short-term liquidity difficult without that specific metric. Return on Equity stands at 2.2% and Return on Assets is 0.4%, metrics that reveal the management team generates modest returns on the capital invested by shareholders and the total asset base, respectively. These low return percentages are typical for regional banks but indicate that the company must improve operational efficiency to enhance shareholder value in a competitive market.
밸류에이션 평가
The trailing twelve-month P/E ratio is 32.41, whereas the forward P/E is 21.34, implying that the market expects earnings to grow significantly in the coming year to justify the current multiple. The price-to-book ratio is 0.70, which indicates that the stock trades at a discount to its book value, suggesting the market may be undervaluing the bank's tangible assets or anticipating specific risks. The price-to-sales ratio is 4.34, and since EV/EBITDA is not available, investors must rely on these alternative valuation metrics to gauge the relative expensiveness of the stock compared to peers. The 52-week high is $18.04 and the 52-week low is $11.65, providing a historical trading range that contextualizes current pricing levels relative to recent volatility. The beta value is 0.49, meaning the stock exhibits low volatility and moves less sharply than the broader market, offering a defensive characteristic for a portfolio.
Growth & Income
Revenue growth year-over-year is 6.0%, while earnings growth year-over-year is -7.5%, indicating that profitability is contracting faster than top-line revenue expansion. This divergence suggests that cost pressures or one-time expenses are impacting the bottom line more severely than the bank can expand its loan portfolio or fee income. For dividend payers, the company offers a dividend yield of 1.1% with a payout ratio of 37.0%, which indicates that the dividend is funded by a small portion of earnings and is theoretically sustainable even with negative earnings growth, though future increases are unlikely. Since the payout ratio is well below 100%, the company retains the majority of its earnings, though the negative earnings growth limits the capacity to increase distributions. The overall growth and income profile presents a trade-off between modest revenue expansion, contracting profitability, and a conservative dividend policy that prioritizes balance sheet strength over income growth.