BlackRock Inc. purchased a new stake in Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 37,496 shares of the bank's stock, valued at approximately $1,616,000. BlackRock Inc. owned approximately 1.46% of Sound Financial Bancorp at the end of the most recent reporting period.
Several other large investors have also modified their holdings of SFBC. Bank of America Corp DE increased its stake in shares of Sound Financial Bancorp by 4,863.2% during the 2nd quarter. Bank of America Corp DE now owns 943 shares of the bank's stock worth $43,000 after purchasing an additional 924 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Sound Financial Bancorp in the 2nd quarter valued at approximately $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sound Financial Bancorp in the 2nd quarter valued at approximately $54,000. Russell Investments Group Ltd. grew its holdings in Sound Financial Bancorp by 168.3% during the 4th quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank's stock valued at $61,000 after buying 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 2nd quarter valued at $101,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Weiss Ratings raised Sound Financial Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Sound Financial Bancorp currently has a consensus rating of "Buy".
Get Our Latest Report on Sound Financial Bancorp
Insider Buying and Selling
In other Sound Financial Bancorp news, CEO Laura Stewart sold 900 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $42.60, for a total transaction of $38,340.00. Following the transaction, the chief executive officer owned 9,000 shares of the company's stock, valued at $383,400. This represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.30% of the company's stock.
Sound Financial Bancorp Price Performance
NASDAQ:SFBC opened at $47.75 on Monday. The firm has a market cap of $122.72 million, a price-to-earnings ratio of 15.30 and a beta of 0.01. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The company's 50-day moving average is $46.02 and its two-hundred day moving average is $43.92. Sound Financial Bancorp, Inc. has a 12-month low of $40.68 and a 12-month high of $49.21.
Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $0.98 EPS for the quarter. The business had revenue of $11.02 million during the quarter. Sound Financial Bancorp had a net margin of 12.89% and a return on equity of 7.31%.
Sound Financial Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. Sound Financial Bancorp's dividend payout ratio (DPR) is 26.92%.
Sound Financial Bancorp Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding SFBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Free Report).
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