Short Interest in Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Expands By 20.0%

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 2,400 shares, a growth of 20.0% from the June 15th total of 2,000 shares. Based on an average daily volume of 700 shares, the short-interest ratio is currently 3.4 days. Currently, 0.1% of the shares of the stock are short sold.

Sound Financial Bancorp Price Performance

Shares of SFBC traded down $0.84 during midday trading on Monday, hitting $42.16. 1,200 shares of the company traded hands, compared to its average volume of 799. The firm has a 50 day moving average of $40.85 and a 200-day moving average of $40.16. Sound Financial Bancorp has a 52 week low of $33.72 and a 52 week high of $44.95. The stock has a market cap of $107.93 million, a price-to-earnings ratio of 18.09 and a beta of 0.66. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.12 and a current ratio of 1.12.

Sound Financial Bancorp (NASDAQ:SFBC) last announced its earnings results on Monday, April 29th. The bank reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $8.56 million for the quarter. Sound Financial Bancorp had a net margin of 10.54% and a return on equity of 6.01%.

Sound Financial Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, May 7th. Sound Financial Bancorp’s dividend payout ratio is 32.62%.

Institutional Trading of Sound Financial Bancorp

Hedge funds have recently made changes to their positions in the business. Graham Capital Wealth Management LLC purchased a new stake in shares of Sound Financial Bancorp during the 4th quarter valued at about $250,000. Empowered Funds LLC raised its position in Sound Financial Bancorp by 7.4% in the 1st quarter. Empowered Funds LLC now owns 12,660 shares of the bank’s stock worth $509,000 after purchasing an additional 875 shares during the period. Financial Insights Inc. raised its position in Sound Financial Bancorp by 211.7% in the 4th quarter. Financial Insights Inc. now owns 17,897 shares of the bank’s stock worth $698,000 after purchasing an additional 12,155 shares during the period. Finally, Stilwell Value LLC raised its position in Sound Financial Bancorp by 7.6% in the 4th quarter. Stilwell Value LLC now owns 407,978 shares of the bank’s stock worth $15,911,000 after purchasing an additional 28,845 shares during the period. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

About Sound Financial Bancorp

Sound Financial Bancorp, Inc operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses. It accepts various deposits products comprising savings, money market deposit, NOW, and demand accounts, as well as certificates of deposit.