Pacific Sage Partners LLC Boosts Stock Holdings in Sound Financial Bancorp, Inc. $SFBC

Key Points

• Pacific Sage Partners LLC boosted its stake in Sound Financial Bancorp by 573.8% in Q4, adding 30,821 shares to hold 36,192 shares (about 1.41% of the company) valued at roughly $1.58 million; overall institutional ownership stands at 68.85%.
• The company raised its quarterly dividend to $0.21 (from $0.19), implying an annualized $0.84 payout and a ~2.0% yield with a payout ratio of 30.32% (paid Feb. 23).
• Recent fundamentals show Q earnings of $0.87 EPS on $9.53M revenue, a market cap of about $107.5M and a P/E of 15.1, while analyst coverage carries a consensus rating of "Hold".

Pacific Sage Partners LLC raised its position in shares of Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Free Report) by 573.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,192 shares of the bank's stock after acquiring an additional 30,821 shares during the quarter. Pacific Sage Partners LLC owned approximately 1.41% of Sound Financial Bancorp worth $1,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SFBC. JPMorgan Chase & Co. increased its position in shares of Sound Financial Bancorp by 64.1% during the third quarter. JPMorgan Chase & Co. now owns 1,667 shares of the bank's stock worth $77,000 after purchasing an additional 651 shares in the last quarter. Bank of America Corp DE lifted its holdings in 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 purchasing an additional 924 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Sound Financial Bancorp during the 2nd quarter worth $54,000. New York State Common Retirement Fund acquired a new stake in Sound Financial Bancorp during the 2nd quarter worth $101,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Sound Financial Bancorp by 3.2% during the third quarter. Alliancebernstein L.P. now owns 92,003 shares of the bank's stock worth $4,238,000 after buying an additional 2,880 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

Sound Financial Bancorp Stock Performance

Shares of Sound Financial Bancorp stock opened at $41.82 on Friday. The business's 50 day moving average price is $43.20 and its 200 day moving average price is $44.21. The company has a market cap of $107.48 million, a price-to-earnings ratio of 15.10 and a beta of 0.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 1.09. Sound Financial Bancorp, Inc. has a one year low of $40.68 and a one year high of $51.99.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last issued its earnings results on Tuesday, January 27th. The bank reported $0.87 earnings per share (EPS) for the quarter. Sound Financial Bancorp had a return on equity of 6.70% and a net margin of 11.64%.The company had revenue of $9.53 million during the quarter.

Sound Financial Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Monday, February 9th were issued a $0.21 dividend. This is an increase from Sound Financial Bancorp's previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, February 9th. Sound Financial Bancorp's payout ratio is currently 30.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Sound Financial Bancorp in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Sound Financial Bancorp to a "hold" rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Sound Financial Bancorp 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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