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

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

Sound Financial Bancorp Stock Up 0.4%

SFBC stock traded up $0.16 during midday trading on Friday, hitting $44.14. The company’s stock had a trading volume of 10,694 shares, compared to its average volume of 8,178. The firm has a 50-day simple moving average of $42.67 and a 200-day simple moving average of $43.18. The firm has a market capitalization of $113.44 million, a P/E ratio of 15.06 and a beta of 0.01. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. Sound Financial Bancorp has a 52-week low of $40.68 and a 52-week high of $48.85.

Sound Financial Bancorp (NASDAQ:SFBC) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $0.61 earnings per share (EPS) 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 Announces Dividend

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

Insider Buying and Selling

In other news, CEO Laura Lee Stewart sold 900 shares of Sound Financial Bancorp stock in a transaction 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 in the company, valued at $383,400. The trade was a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.30% of the company’s stock.

Institutional Trading of Sound Financial Bancorp

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of Sound Financial Bancorp by 106.6% during the 2nd quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock worth $2,324,000 after purchasing an additional 26,059 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Sound Financial Bancorp during the 2nd quarter worth approximately $47,000. New York State Common Retirement Fund purchased a new stake in Sound Financial Bancorp in the 2nd quarter valued at approximately $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sound Financial Bancorp in the 2nd quarter valued at approximately $54,000. Finally, Bank of America Corp DE grew its holdings in Sound Financial Bancorp by 4,863.2% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on SFBC shares. Wall Street Zen raised shares of Sound Financial Bancorp to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings raised shares of Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.