Sound Financial Bancorp (NASDAQ:SFBC) CEO Laura Lee Stewart Sells 900 Shares of Stock

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) CEO Laura Lee Stewart sold 900 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $42.60, for a total transaction of $38,340.00. Following the completion of the transaction, the chief executive officer owned 9,000 shares of the company’s stock, valued at $383,400. This represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sound Financial Bancorp Stock Performance

SFBC stock opened at $43.11 on Wednesday. Sound Financial Bancorp, Inc. has a one year low of $40.68 and a one year high of $48.85. The firm has a market cap of $110.79 million, a price-to-earnings ratio of 14.71 and a beta of 0.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50-day simple moving average of $42.44 and a two-hundred day simple moving average of $43.19.

Sound Financial Bancorp (NASDAQ:SFBC) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $0.61 earnings per share (EPS) for the quarter. The firm had revenue of $9.96 million for the quarter. Sound Financial Bancorp had a net margin of 12.19% and a return on equity of 6.99%.

Sound Financial Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, May 11th. Sound Financial Bancorp’s dividend payout ratio (DPR) is 28.67%.

Hedge Funds Weigh In On Sound Financial Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. grew its position in Sound Financial Bancorp by 3.2% during the 3rd quarter. Alliancebernstein L.P. now owns 92,003 shares of the bank’s stock worth $4,238,000 after purchasing an additional 2,880 shares during the last quarter. Graham Capital Wealth Management LLC lifted its stake in shares of Sound Financial Bancorp by 275.4% during the fourth quarter. Graham Capital Wealth Management LLC now owns 90,346 shares of the bank’s stock worth $3,942,000 after buying an additional 66,280 shares during the period. Geode Capital Management LLC grew its holdings in shares of Sound Financial Bancorp by 106.6% during the second quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock valued at $2,324,000 after buying an additional 26,059 shares during the last quarter. Pacific Sage Partners LLC grew its holdings in shares of Sound Financial Bancorp by 573.8% during the fourth quarter. Pacific Sage Partners LLC now owns 36,192 shares of the bank’s stock valued at $1,579,000 after buying an additional 30,821 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Sound Financial Bancorp in the 4th quarter valued at $271,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SFBC shares. Weiss Ratings upgraded Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Sound Financial Bancorp to a “hold” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Sound Financial Bancorp Company Profile

Sound Financial Bancorp, Inc is a bank holding company and the parent of Sound Community Bank, a community‐oriented financial institution headquartered in University Place, Washington. Through its subsidiary, the company delivers a broad array of banking and financial services to individuals, small businesses and commercial clients throughout the Puget Sound region. Emphasizing relationship banking, Sound Financial Bancorp seeks to support local economic development by offering personalized service and community engagement.

The company’s core offerings include deposit products such as checking and savings accounts, money market accounts and certificates of deposit, as well as a full spectrum of lending solutions.