Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Short Interest Down 33.3% in July

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 1,600 shares, a decline of 33.3% from the June 30th total of 2,400 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 700 shares, the short-interest ratio is currently 2.3 days.

Sound Financial Bancorp Price Performance

Sound Financial Bancorp stock remained flat at $42.80 during trading hours on Friday. The company’s stock had a trading volume of 57 shares, compared to its average volume of 298. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50-day simple moving average of $41.54 and a 200-day simple moving average of $40.42. The stock has a market cap of $109.57 million, a price-to-earnings ratio of 18.37 and a beta of 0.66. Sound Financial Bancorp has a 1-year low of $33.72 and a 1-year high of $44.95.

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

Sound Financial Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.76 annualized dividend and a dividend yield of 1.78%. Sound Financial Bancorp’s dividend payout ratio (DPR) is presently 32.62%.

Hedge Funds Weigh In On Sound Financial Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in SFBC. Graham Capital Wealth Management LLC purchased a new position in Sound Financial Bancorp during the 4th quarter valued at $250,000. Empowered Funds LLC increased its position in shares of Sound Financial Bancorp by 7.4% during the first quarter. Empowered Funds LLC now owns 12,660 shares of the bank’s stock valued at $509,000 after buying an additional 875 shares during the period. Financial Insights Inc. raised its stake in Sound Financial Bancorp by 211.7% in the fourth quarter. Financial Insights Inc. now owns 17,897 shares of the bank’s stock worth $698,000 after buying an additional 12,155 shares in the last quarter. Finally, Stilwell Value LLC lifted its holdings in Sound Financial Bancorp by 7.6% in the fourth quarter. Stilwell Value LLC now owns 407,978 shares of the bank’s stock worth $15,911,000 after buying an additional 28,845 shares during the period. Institutional investors own 68.85% of the company’s stock.

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.