Joseph Stilwell Acquires 292 Shares of Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Stock

Posted by Brenda Bartman on Sep 19th, 2023

Sound Financial Bancorp, Inc. (NASDAQ:SFBC – Get Free Report) major shareholder Joseph Stilwell bought 292 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were bought at an average cost of $36.50 per share, with a total value of $10,658.00. Following the completion of the purchase, the insider now directly owns 182,889 shares of the company’s stock, valued at approximately $6,675,448.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Joseph Stilwell also recently made the following trade(s):

On Thursday, September 14th, Joseph Stilwell purchased 2,500 shares of Sound Financial Bancorp stock. The stock was bought at an average price of $37.00 per share, for a total transaction of $92,500.00.
On Wednesday, August 9th, Joseph Stilwell acquired 200 shares of Sound Financial Bancorp stock. The shares were purchased at an average price of $37.26 per share, with a total value of $7,452.00.
On Thursday, August 3rd, Joseph Stilwell bought 2,500 shares of Sound Financial Bancorp stock. The stock was purchased at an average price of $37.18 per share, for a total transaction of $92,950.00.
On Friday, July 28th, Joseph Stilwell acquired 1,932 shares of Sound Financial Bancorp stock. The stock was purchased at an average cost of $36.73 per share, for a total transaction of $70,962.36.
On Wednesday, July 26th, Joseph Stilwell bought 209 shares of Sound Financial Bancorp stock. The shares were purchased at an average price of $36.25 per share, with a total value of $7,576.25.
On Monday, July 24th, Joseph Stilwell purchased 1,933 shares of Sound Financial Bancorp stock. The stock was acquired at an average price of $36.00 per share, for a total transaction of $69,588.00.
On Thursday, July 20th, Joseph Stilwell acquired 2,500 shares of Sound Financial Bancorp stock. The shares were acquired at an average price of $35.99 per share, with a total value of $89,975.00.
On Tuesday, July 18th, Joseph Stilwell bought 6 shares of Sound Financial Bancorp stock. The stock was acquired at an average price of $35.50 per share, for a total transaction of $213.00.
On Thursday, July 6th, Joseph Stilwell purchased 250 shares of Sound Financial Bancorp stock. The stock was acquired at an average cost of $34.75 per share, with a total value of $8,687.50.
On Thursday, June 22nd, Joseph Stilwell purchased 2,500 shares of Sound Financial Bancorp stock. The stock was bought at an average price of $33.75 per share, with a total value of $84,375.00.

Sound Financial Bancorp Trading Down 0.2 %

Shares of Sound Financial Bancorp stock traded down $0.09 during trading on Tuesday, hitting $36.90. The stock had a trading volume of 4,296 shares, compared to its average volume of 1,540. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $94.83 million, a PE ratio of 9.16 and a beta of 0.66. Sound Financial Bancorp, Inc. has a 12 month low of $33.27 and a 12 month high of $43.70. The firm’s fifty day simple moving average is $37.03 and its 200-day simple moving average is $36.84.

Sound Financial Bancorp (NASDAQ:SFBC – Get Free Report) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $1.11 earnings per share for the quarter. Sound Financial Bancorp had a return on equity of 10.77% and a net margin of 20.22%. The firm had revenue of $10.64 million for the quarter.

Sound Financial Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.76 dividend on an annualized basis and a yield of 2.06%. Sound Financial Bancorp’s payout ratio is 18.86%.

Hedge Funds Weigh In On Sound Financial Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. M3F Inc. increased its holdings in Sound Financial Bancorp by 6.2% during the 4th quarter. M3F Inc. now owns 173,407 shares of the bank’s stock worth $6,810,000 after purchasing an additional 10,110 shares during the period. Stilwell Value LLC grew its holdings in Sound Financial Bancorp by 1.0% during the 1st quarter. Stilwell Value LLC now owns 320,999 shares of the bank’s stock worth $11,880,000 after acquiring an additional 3,063 shares in the last quarter. Alliancebernstein L.P. increased its position in Sound Financial Bancorp by 9.8% during the 2nd quarter. Alliancebernstein L.P. now owns 122,736 shares of the bank’s stock valued at $4,357,000 after purchasing an additional 11,000 shares during the period. Vanguard Group Inc. raised its holdings in shares of Sound Financial Bancorp by 21.6% in the 1st quarter. Vanguard Group Inc. now owns 78,159 shares of the bank’s stock valued at $2,978,000 after purchasing an additional 13,880 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Sound Financial Bancorp by 23.6% in the second quarter. BlackRock Inc. now owns 26,038 shares of the bank’s stock worth $924,000 after buying an additional 4,974 shares in the last quarter. 56.16% of the stock is currently owned by institutional investors.

About Sound Financial Bancorp

(Get Free Report)

Sound Financial Bancorp, Inc operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses. It accepts various deposits products comprising savings, money market deposit, NOW, and demand accounts, as well as certificates of deposit.