Pacific Sage Partners LLC Makes New $1.56 Million Investment in Sound Financial Bancorp, Inc. $SFBC

Pacific Sage Partners LLC acquired a new stake in Sound Financial Bancorp, Inc. (NASDAQ:SFBC) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 36,191 shares of the bank’s stock, valued at approximately $1,560,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SFBC. Geode Capital Management LLC raised its stake in shares of Sound Financial Bancorp by 106.6% in the second quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock worth $2,324,000 after acquiring an additional 26,059 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Sound Financial Bancorp during the fourth quarter valued at approximately $271,000. Alliancebernstein L.P. grew its stake in shares of Sound Financial Bancorp by 3.2% during the third 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 during the last quarter. New York State Common Retirement Fund bought a new stake in shares of Sound Financial Bancorp during the second quarter valued at approximately $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Sound Financial Bancorp in the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Activity at Sound Financial Bancorp

In other news, CEO Laura Lee Stewart sold 900 shares of Sound Financial Bancorp stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $42.60, for a total transaction of $38,340.00. Following the completion of the sale, the chief executive officer owned 9,000 shares in the company, valued at $383,400. The trade was a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Sound Financial Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Sound Financial Bancorp Price Performance

Sound Financial Bancorp stock opened at $46.25 on Friday. The business’s 50-day simple moving average is $44.76 and its 200 day simple moving average is $43.59. The stock has a market cap of $118.86 million and a price-to-earnings ratio of 14.82. Sound Financial Bancorp, Inc. has a 12-month low of $40.68 and a 12-month high of $49.21. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 0.07.

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

Sound Financial Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 7th. Sound Financial Bancorp’s dividend payout ratio (DPR) is 26.92%.

Sound Financial Bancorp 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.