Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Short Interest Update

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 34,671 shares, a decrease of 20.5% from the January 29th total of 43,588 shares. Based on an average trading volume of 5,122 shares, the short-interest ratio is presently 6.8 days. Currently, 1.5% of the company’s stock are sold short. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 5,122 shares, the short-interest ratio is presently 6.8 days.

Institutional Investors Weigh In On Sound Financial Bancorp

A number of hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in shares of Sound Financial Bancorp by 3.2% during the 3rd quarter. Alliancebernstein L.P. now owns 92,003 shares of the bank’s stock valued at $4,238,000 after buying an additional 2,880 shares during the last quarter. Graham Capital Wealth Management LLC boosted its position in Sound Financial Bancorp by 275.4% during the fourth quarter. Graham Capital Wealth Management LLC now owns 90,346 shares of the bank’s stock worth $3,942,000 after purchasing an additional 66,280 shares during the period. Kennedy Capital Management LLC increased its stake in shares of Sound Financial Bancorp by 499.5% in the second quarter. Kennedy Capital Management LLC now owns 52,365 shares of the bank’s stock worth $2,409,000 after purchasing an additional 43,630 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Sound Financial Bancorp by 106.6% in the second quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock valued at $2,324,000 after purchasing an additional 26,059 shares during the period. Finally, Pacific Sage Partners LLC lifted its stake in shares of Sound Financial Bancorp by 573.8% during the 4th quarter. Pacific Sage Partners LLC now owns 36,192 shares of the bank’s stock valued at $1,579,000 after buying an additional 30,821 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Sound Financial Bancorp in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Sound Financial Bancorp Stock Performance

SFBC stock opened at $42.47 on Monday. The business has a 50 day moving average of $43.75 and a 200-day moving average of $44.95. The firm has a market cap of $109.15 million, a PE ratio of 15.33 and a beta of 0.11. Sound Financial Bancorp has a 12-month low of $42.40 and a 12-month high of $51.99. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.34.

Sound Financial Bancorp (NASDAQ:SFBC) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $0.87 earnings per share for the quarter. Sound Financial Bancorp had a return on equity of 6.76% and a net margin of 11.64%.The business had revenue of $9.53 million for the quarter.

Sound Financial Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Monday, February 9th were given a $0.21 dividend. This is a positive change from Sound Financial Bancorp’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, February 9th. Sound Financial Bancorp’s payout ratio is presently 30.32%.

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.