Sound Financial Bancorp (NASDAQ:SFBC) Stock: Insider Laura Lee Stewart Sells 900 Shares

Key Points

• CEO Laura Lee Stewart sold 900 Sound Financial Bancorp shares at an average price of $45.99, worth $41,391, reducing her direct holdings by 10% to 8,100 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
• SFBC shares fell 3.8% to $44.65 during Wednesday trading. The company reported quarterly EPS of $0.98 on $11.02 million in revenue and recently declared a quarterly dividend of $0.21, equivalent to a 1.9% yield.
• Analyst and institutional sentiment remained favorable: Weiss Ratings upgraded the stock to “buy,” while several funds—including BlackRock and Pacific Sage Partners—initiated positions; institutional investors own 68.85% of the shares.

Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report) CEO Laura Stewart sold 900 shares of the firm's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $45.99, for a total value of $41,391.00. Following the transaction, the chief executive officer directly owned 8,100 shares of the company's stock, valued at $372,519. This represents a 10.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sound Financial Bancorp Stock Down 3.8%

Shares of NASDAQ:SFBC traded down $1.76 during midday trading on Wednesday, reaching $44.65. The company's stock had a trading volume of 4,404 shares, compared to its average volume of 9,043. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $46.87 and a 200-day moving average of $44.49. The firm has a market capitalization of $114.66 million, a P/E ratio of 14.31 and a beta of 0.01. 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 posted its quarterly earnings data on Tuesday, July 28th. The bank reported $0.98 EPS for the quarter. The business had revenue of $11.02 million for 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 business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.21 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. Sound Financial Bancorp's dividend payout ratio is presently 26.92%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Sound Financial Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Sound Financial Bancorp currently has an average rating of "Buy".

Hedge Funds Weigh In On Sound Financial Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC purchased a new position in shares of Sound Financial Bancorp in the 2nd quarter worth $278,000. BlackRock Inc. purchased a new stake in Sound Financial Bancorp during the second quarter valued at $1,616,000. Finally, Pacific Sage Partners LLC bought a new position in Sound Financial Bancorp in the second quarter valued at about $1,560,000. 68.85% of the stock is owned by institutional investors.

Sound Financial Bancorp Company Profile

Sound Financial Bancorp, Inc is the bank holding company for Sound Community Bank, a community-focused financial institution headquartered in Seattle, Washington. Through its banking subsidiary, the company serves individuals, families, businesses and nonprofit organizations in the Puget Sound region and surrounding areas of western Washington.

Sound Community Bank provides a range of traditional banking products and services, including deposit accounts, checking and savings products, certificates of deposit, residential mortgage lending, commercial real estate loans, construction financing, business loans and consumer credit.

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