Sound Financial Bancorp (NASDAQ:SFBC) Releases Quarterly Earnings Results

Sound Financial Bancorp (NASDAQ:SFBC) announced its quarterly earnings data on Tuesday. The bank reported $0.90 earnings per share for the quarter, FiscalAI reports. Sound Financial Bancorp had a return on equity of 7.31% and a net margin of 12.89%. The business had revenue of $9.49 million during the quarter.

Sound Financial Bancorp Stock Performance

Sound Financial Bancorp stock traded up $0.76 during midday trading on Thursday, reaching $45.76. 119 shares of the company traded hands, compared to its average volume of 8,372. The firm has a market capitalization of $117.59 million, a price-to-earnings ratio of 14.67 and a beta of 0.03. Sound Financial Bancorp has a 12 month low of $40.68 and a 12 month high of $49.21. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day moving average of $45.97 and a two-hundred day moving average of $44.24.

Sound Financial Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, November 6th. Sound Financial Bancorp’s dividend payout ratio is presently 26.92%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Sound Financial Bancorp

In other Sound Financial Bancorp news, CEO Laura Stewart sold 900 shares of the company’s 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 in the company, valued at $372,519. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.30% of the stock is owned by corporate insiders.

Institutional Trading of Sound Financial Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC purchased a new stake in shares of Sound Financial Bancorp in the second quarter worth about $278,000. BlackRock Inc. bought a new stake in Sound Financial Bancorp in the second quarter worth $1,616,000. Finally, Pacific Sage Partners LLC purchased a new stake in Sound Financial Bancorp during the second quarter valued at $1,560,000. 68.85% of the stock is currently owned by institutional investors.

About Sound Financial Bancorp

Sound Financial Bancorp, Inc is a bank holding company headquartered in Seattle, Washington. Through its principal subsidiary, Sound Community Bank, the company provides banking and financial services to individuals, families, businesses and nonprofit organizations in the Puget Sound region.

Sound Community Bank offers deposit products, including checking, savings, money market and certificate accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, consumer and small-business loans.