Sound Financial Bancorp (NASDAQ:SFBC) CEO Sells $38,340.00 in Stock

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) CEO Laura Lee Stewart sold 900 shares of the company’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 value of $38,340.00. Following the transaction, the chief executive officer owned 9,000 shares in the company, valued at $383,400. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sound Financial Bancorp Stock Down 0.2%

Shares of NASDAQ:SFBC opened at $44.67 on Friday. Sound Financial Bancorp, Inc. has a 52-week low of $40.68 and a 52-week high of $48.85. The firm has a market capitalization of $114.62 million, a P/E ratio of 15.25 and a beta of 0.01. The stock has a 50 day moving average price of $42.48 and a 200-day moving average price of $43.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 1.09.

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

Sound Financial Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Sound Financial Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in shares of 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 worth $43,000 after acquiring an additional 924 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Sound Financial Bancorp in the 2nd quarter worth about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sound Financial Bancorp in the 2nd quarter worth about $54,000. Russell Investments Group Ltd. grew its position in Sound Financial Bancorp by 168.3% during the 4th quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock valued at $61,000 after purchasing an additional 870 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in Sound Financial Bancorp during the 2nd quarter valued at about $101,000. 68.85% of the stock is owned by 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.