Sound Financial Bancorp (NASDAQ:SFBC) CEO Laura Lee Stewart Sells 900 Shares of Company Stock

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) CEO Laura Stewart sold 900 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $45.99, for a total transaction of $41,391.00. Following the completion of the transaction, the chief executive officer owned 8,100 shares in the company, valued at $372,519. This trade represents a 10.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sound Financial Bancorp Stock Performance

NASDAQ SFBC traded down $1.76 during trading hours on Wednesday, hitting $44.65. 4,404 shares of the company’s stock traded hands, compared to its average volume of 9,043. The business’s fifty day moving average price is $46.87 and its two-hundred day moving average price is $44.49. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $114.66 million, a P/E ratio of 14.31 and a beta of 0.01. Sound Financial Bancorp, Inc. has a 52 week low of $40.68 and a 52 week high of $49.21.

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

Sound Financial Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 7th. Sound Financial Bancorp’s dividend payout ratio (DPR) is currently 26.92%.

Hedge Funds Weigh In On Sound Financial Bancorp

Hedge funds have recently modified their holdings of the company. Empowered Funds LLC bought a new position in shares of Sound Financial Bancorp in the second quarter worth approximately $278,000. Pacific Sage Partners LLC bought a new stake in shares of Sound Financial Bancorp during the 2nd quarter valued at $1,560,000. Finally, BlackRock Inc. purchased a new position in shares of Sound Financial Bancorp during the 2nd quarter valued at $1,616,000. 68.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Sound Financial Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Sound Financial Bancorp has an average 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.