Sound Financial Bancorp Inc (NASDAQ:SFBC) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 400 shares, an increase of 300.0% from the July 31st total of 100 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
SFBC traded down $0.03 on Wednesday, hitting $35.30. The firm’s fifty day moving average is $35.02 and its 200 day moving average is $34.76. The firm has a market capitalization of $90.80 million, a price-to-earnings ratio of 14.14 and a beta of 0.39. Sound Financial Bancorp has a 52 week low of $32.01 and a 52 week high of $40.25. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.33.
Sound Financial Bancorp (NASDAQ:SFBC) last posted its quarterly earnings results on Friday, July 26th. The bank reported $0.71 earnings per share for the quarter. Sound Financial Bancorp had a return on equity of 8.93% and a net margin of 17.45%. The business had revenue of $7.32 million during the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Wednesday, August 7th.
In other news, Director Debra Jones sold 2,200 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $34.75, for a total value of $76,450.00. Following the transaction, the director now directly owns 21,968 shares in the company, valued at $763,388. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors Inc. boosted its position in shares of Sound Financial Bancorp by 10.6% during the second quarter. Wasatch Advisors Inc. now owns 120,546 shares of the bank’s stock worth $4,117,000 after acquiring an additional 11,512 shares during the last quarter. EJF Capital LLC purchased a new position in Sound Financial Bancorp during the second quarter valued at $209,000. M3F Inc. grew its stake in Sound Financial Bancorp by 3.4% during the first quarter. M3F Inc. now owns 98,526 shares of the bank’s stock valued at $3,345,000 after acquiring an additional 3,218 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Sound Financial Bancorp by 28.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,962 shares of the bank’s stock valued at $67,000 after acquiring an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 39.08% of the company’s stock.
Sound Financial Bancorp Company Profile
Sound Financial Bancorp, Inc operates as the holding company for Sound Community Bank that provides traditional banking and other financial services for individuals and businesses. It accepts various deposits products comprising savings accounts, money market deposit accounts, NOW accounts, demand accounts, certificates of deposit, and checking accounts.
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