Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Increases Dividend to $0.21 Per Share

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Monday, February 9th will be given a dividend of 0.21 per share by the bank on Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, February 9th. This is a 10.5% increase from Sound Financial Bancorp’s previous quarterly dividend of $0.19.

Sound Financial Bancorp has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years.

Sound Financial Bancorp Stock Up 0.1%

Shares of SFBC traded up $0.03 during midday trading on Wednesday, hitting $44.00. The company had a trading volume of 712 shares, compared to its average volume of 4,712. Sound Financial Bancorp has a 1 year low of $42.75 and a 1 year high of $52.86. The firm has a market capitalization of $112.90 million, a P/E ratio of 16.67 and a beta of 0.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.12 and a current ratio of 1.12. The company’s 50-day simple moving average is $44.05 and its 200-day simple moving average is $45.36.

Sound Financial Bancorp (NASDAQ:SFBC) last issued its earnings results on Tuesday, January 27th. The bank reported $0.87 earnings per share for the quarter. Sound Financial Bancorp had a net margin of 10.97% and a return on equity of 6.48%. The firm had revenue of $9.53 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Sound Financial Bancorp in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sound Financial Bancorp 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.