Sound Financial Bancorp (NASDAQ:SFBC – Get Free Report) issued its quarterly earnings data on Tuesday. The bank reported $0.98 earnings per share for the quarter, Zacks reports. Sound Financial Bancorp had a return on equity of 7.37% and a net margin of 12.89%.The business had revenue of $11.02 million during the quarter.
Sound Financial Bancorp Price Performance
Shares of SFBC opened at $44.12 on Thursday. The firm has a market capitalization of $113.39 million, a price-to-earnings ratio of 14.14 and a beta of 0.01. The firm’s fifty day simple moving average is $43.61 and its 200-day simple moving average is $43.36. Sound Financial Bancorp has a twelve month low of $40.68 and a twelve month high of $48.85. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16.
Sound Financial Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. Sound Financial Bancorp’s dividend payout ratio is currently 28.67%.
Insider Activity at Sound Financial Bancorp
Institutional Trading of Sound Financial Bancorp
A number of institutional investors have recently bought and sold shares of SFBC. Bank of America Corp DE increased its holdings in shares of Sound Financial Bancorp by 4,863.2% in the 2nd quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock valued at $43,000 after acquiring an additional 924 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Sound Financial Bancorp in the second quarter valued at approximately $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Sound Financial Bancorp in the second quarter valued at approximately $54,000. Russell Investments Group Ltd. increased its stake in Sound Financial Bancorp by 168.3% in the fourth quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock valued at $61,000 after purchasing an additional 870 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Sound Financial Bancorp during the second quarter worth approximately $101,000. 68.85% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Get Our Latest Stock Report on Sound Financial Bancorp
Sound Financial Bancorp Company Profile
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.
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