Key Points
- CEO Laura Lee Stewart sold 900 SFBC shares at an average price of $45.99, generating $41,391. The Rule 10b5-1 transaction reduced her direct holdings by 10% to 8,100 shares.
- Sound Financial Bancorp reported quarterly EPS of $0.98 on $11.02 million in revenue, with a 12.89% net margin and 7.31% return on equity.
- The company pays a quarterly dividend of $0.21, or $0.84 annually, yielding approximately 1.9%. Institutional investors own 68.85% of the stock, while the average analyst rating is “Buy.”
Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report) CEO Laura Stewart sold 900 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $45.99, for a total value of $41,391.00. Following the transaction, the chief executive officer directly owned 8,100 shares in the company, valued at approximately $372,519. The trade was a 10.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sound Financial Bancorp Stock Performance
Shares of Sound Financial Bancorp stock opened at $44.65 on Thursday. The stock has a market capitalization of $114.75 million, a price-to-earnings ratio of 14.31 and a beta of 0.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50-day moving average of $46.86 and a 200 day moving average of $44.51. Sound Financial Bancorp, Inc. has a 12 month low of $40.68 and a 12 month high of $49.21.
Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $0.98 earnings per share (EPS) for the quarter. The company had revenue of $11.02 million for the quarter. Sound Financial Bancorp had a net margin of 12.89% and a return on equity of 7.31%.
Sound Financial Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 7th. Sound Financial Bancorp's dividend payout ratio (DPR) is currently 26.92%.
Institutional Trading of Sound Financial Bancorp
A number of large investors have recently made changes to their positions in SFBC. BlackRock Inc. acquired a new stake in Sound Financial Bancorp in the second quarter valued at approximately $1,616,000. Pacific Sage Partners LLC acquired a new position in Sound Financial Bancorp during the 2nd quarter worth approximately $1,560,000. Finally, Empowered Funds LLC acquired a new position in Sound Financial Bancorp during the 2nd quarter worth approximately $278,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Sound Financial Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 31st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Sound Financial Bancorp presently has an average rating of "Buy".
Check Out Our Latest Report on SFBC
About Sound Financial Bancorp
(
Get Free Report)
Sound Financial Bancorp, Inc is the bank holding company for Sound Community Bank, a community-focused financial institution headquartered in Seattle, Washington. Through its banking subsidiary, the company serves individuals, families, businesses and nonprofit organizations in the Puget Sound region and surrounding areas of western Washington.
Sound Community Bank provides a range of traditional banking products and services, including deposit accounts, checking and savings products, certificates of deposit, residential mortgage lending, commercial real estate loans, construction financing, business loans and consumer credit.
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