Sound Financial Bancorp (NASDAQ:SFBC) Announces Earnings Results

Sound Financial Bancorp (NASDAQ:SFBC) announced its earnings results on Tuesday. The bank reported $0.98 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $11.02 million during the quarter. Sound Financial Bancorp had a return on equity of 6.99% and a net margin of 12.19%.

Sound Financial Bancorp Stock Down 1.8%

Shares of NASDAQ SFBC opened at $44.32 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The company has a market cap of $113.90 million, a P/E ratio of 15.13 and a beta of 0.01. Sound Financial Bancorp has a 52 week low of $40.68 and a 52 week high of $48.85. The business has a 50-day simple moving average of $43.58 and a two-hundred day simple moving average of $43.35.

Sound Financial Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.21 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.84 annualized dividend and a yield of 1.9%. Sound Financial Bancorp’s dividend payout ratio (DPR) is currently 28.67%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sound Financial Bancorp presently has a consensus rating of “Hold”.

Insider Buying and Selling at Sound Financial Bancorp

In other news, CEO Laura Lee Stewart sold 900 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $42.60, for a total value of $38,340.00. Following the sale, the chief executive officer directly owned 9,000 shares of the company’s stock, valued at approximately $383,400. This represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Sound Financial Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of SFBC. Geode Capital Management LLC boosted its holdings in Sound Financial Bancorp by 106.6% in the 2nd quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock valued at $2,324,000 after purchasing an additional 26,059 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Sound Financial Bancorp in the second quarter worth $47,000. New York State Common Retirement Fund bought a new position in shares of Sound Financial Bancorp in the second quarter worth $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Sound Financial Bancorp in the second quarter worth $54,000. Finally, Bank of America Corp DE raised 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 worth $43,000 after buying an additional 924 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

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.