Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Short Interest Down 89.3% in June

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 7,373 shares, a decrease of 89.3% from the June 15th total of 68,771 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 29,061 shares, the days-to-cover ratio is currently 0.3 days.

Insider Transactions at Sound Financial Bancorp

In other Sound Financial Bancorp news, CEO Laura Lee Stewart sold 900 shares of Sound Financial Bancorp 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 transaction, the chief executive officer owned 9,000 shares of the company’s stock, valued at $383,400. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sound Financial Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its holdings in shares of Sound Financial Bancorp by 8.7% in the 4th quarter. Barclays PLC now owns 4,402 shares of the bank’s stock worth $192,000 after acquiring an additional 354 shares during the period. JPMorgan Chase & Co. grew its holdings in Sound Financial Bancorp by 64.1% in the third quarter. JPMorgan Chase & Co. now owns 1,667 shares of the bank’s stock valued at $77,000 after purchasing an additional 651 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Sound Financial Bancorp by 40.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,628 shares of the bank’s stock valued at $115,000 after purchasing an additional 759 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Sound Financial Bancorp by 168.3% in the fourth quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock valued at $61,000 after buying an additional 870 shares in the last quarter. Finally, Bank of America Corp DE increased its position 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 valued at $43,000 after buying an additional 924 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Sound Financial Bancorp Stock Performance

NASDAQ:SFBC traded up $0.16 during mid-day trading on Friday, reaching $44.14. The stock had a trading volume of 10,694 shares, compared to its average volume of 16,426. Sound Financial Bancorp has a twelve month low of $40.68 and a twelve month high of $48.85. The business has a 50 day simple moving average of $42.73 and a 200 day simple moving average of $43.18. The firm has a market capitalization of $113.44 million, a price-to-earnings ratio of 15.06 and a beta of 0.01. 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 issued its 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 during the quarter.

Sound Financial Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a $0.21 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. Sound Financial Bancorp’s dividend payout ratio (DPR) is 28.67%.

Analyst Ratings Changes

A number of analysts recently weighed in on SFBC shares. Wall Street Zen upgraded shares of Sound Financial Bancorp to a “hold” rating in a research note on Saturday, March 21st. 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. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently 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.