Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Declares Dividend Increase – $0.21 Per Share

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Monday, February 9th will be paid a dividend of 0.21 per share by the bank on Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, February 9th. This is a 10.5% increase from Sound Financial Bancorp’s previous quarterly dividend of $0.19.

Sound Financial Bancorp has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years.

Sound Financial Bancorp Price Performance

SFBC traded down $0.08 during trading on Wednesday, hitting $43.90. 254 shares of the stock traded hands, compared to its average volume of 4,685. The business has a 50 day moving average price of $44.05 and a 200 day moving average price of $45.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 1.12. Sound Financial Bancorp has a twelve month low of $42.75 and a twelve month high of $52.86. The company has a market cap of $112.63 million, a price-to-earnings ratio of 16.63 and a beta of 0.10.

Sound Financial Bancorp (NASDAQ:SFBC) last issued its earnings results on Tuesday, January 27th. The bank reported $0.87 earnings per share for the quarter. Sound Financial Bancorp had a return on equity of 6.48% and a net margin of 10.97%.The firm had revenue of $9.53 million for the quarter.

Institutional Inflows and Outflows

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

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.