Key Points
- CEO Laura Lee Stewart sold 900 shares of Sound Financial Bancorp at an average price of $42.60, totaling $38,340. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and her direct ownership fell to 9,000 shares.
- SFBC was trading modestly higher at $43.11, near its recent range of $40.68 to $48.85. The stock has a market cap of about $110.8 million, a low beta of 0.02, and trades near its 50-day and 200-day moving averages.
- The bank reported recent earnings and a dividend, posting $0.61 EPS on revenue of $9.96 million last quarter. It also paid a quarterly dividend of $0.21, equal to a 1.9% annualized yield.
Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report) CEO Laura Lee Stewart sold 900 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $42.60, for a total value of $38,340.00. Following the completion of the transaction, the chief executive officer directly owned 9,000 shares in the company, valued at $383,400. This represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sound Financial Bancorp Trading Up 0.1%
Shares of NASDAQ:SFBC opened at $43.11 on Wednesday. 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 stock has a market cap of $110.79 million, a price-to-earnings ratio of 14.71 and a beta of 0.02. The business has a 50-day moving average price of $42.44 and a 200-day moving average price of $43.19.
Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last issued its earnings results on Tuesday, April 28th. The bank reported $0.61 EPS for the quarter. Sound Financial Bancorp had a return on equity of 6.99% and a net margin of 12.19%.The firm had revenue of $9.96 million for the quarter.
Sound Financial Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, May 11th. Sound Financial Bancorp's dividend payout ratio is 28.67%.
Institutional Investors Weigh In On Sound Financial Bancorp
A number of hedge funds and other institutional investors have recently made changes to their positions in SFBC. Alliancebernstein L.P. increased its holdings in shares of Sound Financial Bancorp by 3.2% during the 3rd quarter. Alliancebernstein L.P. now owns 92,003 shares of the bank's stock valued at $4,238,000 after purchasing an additional 2,880 shares in the last quarter. Graham Capital Wealth Management LLC boosted its holdings in 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Sound Financial Bancorp by 106.6% during the second quarter. Geode Capital Management LLC now owns 50,505 shares of the bank's stock worth $2,324,000 after buying an additional 26,059 shares in the last quarter. Pacific Sage Partners LLC grew its position in 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 period. Finally, Renaissance Technologies LLC acquired a new stake in Sound Financial Bancorp during the fourth quarter valued at $271,000. Institutional investors and hedge funds own 68.85% of the company's stock.
Wall Street Analyst Weigh In
SFBC has been the subject of several recent research reports. Wall Street Zen raised shares of Sound Financial Bancorp to a "hold" rating in a report on Saturday, March 21st. Weiss Ratings raised Sound Financial Bancorp from a "hold (c-)" rating to a "hold (c)" rating in a research 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 has an average rating of "Hold".
View Our Latest Research Report on SFBC
Sound Financial Bancorp Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
