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

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) CEO Laura Lee Stewart sold 900 shares of the business’s stock in a transaction that occurred on 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 directly owned 9,000 shares of the company’s stock, valued at $383,400. This trade represents a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sound Financial Bancorp Stock Up 3.8%

Shares of Sound Financial Bancorp stock opened at $44.75 on Thursday. The firm’s 50 day moving average price is $42.46 and its 200-day moving average price is $43.19. 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, Inc. has a 52-week low of $40.68 and a 52-week high of $48.85. The company has a market cap of $115.01 million, a P/E ratio of 15.27 and a beta of 0.01.

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

Sound Financial Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, May 11th. Sound Financial Bancorp’s dividend payout ratio is currently 28.67%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Sound Financial Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. Graham Capital Wealth Management LLC raised its stake in shares of Sound Financial Bancorp by 275.4% during the 4th quarter. Graham Capital Wealth Management LLC now owns 90,346 shares of the bank’s stock valued at $3,942,000 after buying an additional 66,280 shares during the last quarter. Pacific Sage Partners LLC boosted its stake in shares of Sound Financial Bancorp by 573.8% in the fourth quarter. Pacific Sage Partners LLC now owns 36,192 shares of the bank’s stock worth $1,579,000 after buying an additional 30,821 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sound Financial Bancorp by 64.1% in the third quarter. JPMorgan Chase & Co. now owns 1,667 shares of the bank’s stock worth $77,000 after buying an additional 651 shares during the last quarter. Bank of America Corp DE grew its holdings in Sound Financial Bancorp by 4,863.2% during the second quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock worth $43,000 after acquiring an additional 924 shares during the period. Finally, Russell Investments Group Ltd. grew 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 acquiring an additional 870 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.

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.