Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Sees Significant Growth in Short Interest

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 32,138 shares, an increase of 33.8% from the November 30th total of 24,021 shares. Based on an average trading volume of 7,273 shares, the short-interest ratio is presently 4.4 days. Approximately 1.4% of the shares of the stock are short sold. Approximately 1.4% of the shares of the stock are short sold. Based on an average trading volume of 7,273 shares, the short-interest ratio is presently 4.4 days.

Hedge Funds Weigh In On Sound Financial Bancorp

Hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its stake in 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 purchasing an additional 2,880 shares during the last quarter. Graham Capital Wealth Management LLC grew its position in shares of Sound Financial Bancorp by 357.6% in the 3rd quarter. Graham Capital Wealth Management LLC now owns 24,066 shares of the bank’s stock valued at $1,108,000 after buying an additional 18,807 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Sound Financial Bancorp by 64.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,667 shares of the bank’s stock worth $77,000 after acquiring an additional 651 shares in the last quarter. Bank of America Corp DE lifted its position in Sound Financial Bancorp by 4,863.2% in the second quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock valued at $43,000 after acquiring an additional 924 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sound Financial Bancorp in the second quarter valued at $54,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Sound Financial Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sound Financial Bancorp presently has an average rating of “Hold”.

Sound Financial Bancorp Trading Up 0.4%

Sound Financial Bancorp stock traded up $0.19 during mid-day trading on Tuesday, hitting $43.62. The company’s stock had a trading volume of 1,679 shares, compared to its average volume of 5,809. Sound Financial Bancorp has a 1 year low of $42.75 and a 1 year high of $55.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $112.09 million, a PE ratio of 16.52 and a beta of 0.10. The stock’s fifty day moving average is $44.46 and its two-hundred day moving average is $45.81.

Sound Financial Bancorp (NASDAQ:SFBC) last released its quarterly earnings results on Tuesday, October 28th. The bank reported $0.66 earnings per share for the quarter. The business had revenue of $9.82 million during the quarter. Sound Financial Bancorp had a return on equity of 6.48% and a net margin of 10.97%.

Sound Financial Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were given a dividend of $0.19 per share. The ex-dividend date was Friday, November 7th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.7%. Sound Financial Bancorp’s dividend payout ratio (DPR) is currently 28.79%.

Sound Financial Bancorp Company 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.