Sound Financial Bancorp (NASDAQ:SFBC) CEO Sells $41,391.00 in Stock

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) CEO Laura Stewart sold 900 shares of Sound Financial Bancorp 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 completion of the sale, the chief executive officer owned 8,100 shares of the company’s stock, valued at $372,519. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sound Financial Bancorp Price Performance

Shares of NASDAQ:SFBC opened at $46.21 on Friday. Sound Financial Bancorp, Inc. has a fifty-two week low of $40.68 and a fifty-two week high of $49.21. The business has a 50-day simple moving average of $46.88 and a two-hundred day simple moving average of $44.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $118.76 million, a price-to-earnings ratio of 14.81 and a beta of 0.03.

Sound Financial Bancorp (NASDAQ:SFBC) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $0.98 earnings per share (EPS) for the quarter. Sound Financial Bancorp had a net margin of 12.89% and a return on equity of 7.31%. The firm had revenue of $11.02 million for the quarter.

Sound Financial Bancorp Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 7th. Sound Financial Bancorp’s payout ratio is 26.92%.

Hedge Funds Weigh In On Sound Financial Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Sound Financial Bancorp during the second quarter valued at approximately $1,616,000. Pacific Sage Partners LLC purchased a new stake in shares of Sound Financial Bancorp in the 2nd quarter worth $1,560,000. Finally, Empowered Funds LLC purchased a new stake in shares of Sound Financial Bancorp in the 2nd quarter worth $278,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Sound Financial Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

About Sound Financial Bancorp

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.