Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Declares Quarterly Dividend of $0.21

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, August 7th will be paid a dividend of 0.21 per share by the bank on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 7th.

Sound Financial Bancorp has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years.

Sound Financial Bancorp Price Performance

Sound Financial Bancorp stock opened at $44.32 on Wednesday. The business’s 50-day simple moving average is $43.58 and its 200 day simple moving average is $43.35. The stock has a market cap of $113.90 million, a price-to-earnings ratio of 15.13 and a beta of 0.01. Sound Financial Bancorp has a 12-month low of $40.68 and a 12-month high of $48.85. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.16.

Sound Financial Bancorp (NASDAQ:SFBC) last announced its quarterly earnings data on Tuesday, July 28th. The bank reported $0.98 EPS for the quarter. The firm had revenue of $11.02 million during the quarter. Sound Financial Bancorp had a return on equity of 6.99% and a net margin of 12.19%.

Insider Activity at Sound Financial Bancorp

In other news, CEO Laura Lee Stewart sold 900 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $42.60, for a total value of $38,340.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Sound Financial Bancorp

A number of institutional investors have recently made changes to their positions in SFBC. Bank of America Corp DE increased its holdings in Sound Financial Bancorp by 4,863.2% in the second quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock valued at $43,000 after purchasing an additional 924 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Sound Financial Bancorp in the second quarter valued at about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sound Financial Bancorp during the second quarter worth about $54,000. Russell Investments Group Ltd. boosted its holdings in Sound Financial Bancorp by 168.3% during the fourth quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock worth $61,000 after buying an additional 870 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in shares of Sound Financial Bancorp during the 2nd quarter worth about $101,000. 68.85% of the stock is owned by institutional investors and hedge funds.

About Sound Financial Bancorp

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.