Pacific Sage Partners LLC Takes $1.56 Million Position in Sound Financial Bancorp, Inc. $SFBC

Pacific Sage Partners LLC bought a new position in Sound Financial Bancorp, Inc. (NASDAQ:SFBC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,191 shares of the bank’s stock, valued at approximately $1,560,000. Pacific Sage Partners LLC owned approximately 1.41% of Sound Financial Bancorp at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Sound Financial Bancorp by 106.6% in the 2nd quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock valued at $2,324,000 after buying an additional 26,059 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Sound Financial Bancorp in the fourth quarter valued at $271,000. Alliancebernstein L.P. grew its position in 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 acquiring an additional 2,880 shares during the period. New York State Common Retirement Fund acquired a new position in Sound Financial Bancorp during the second quarter worth $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Sound Financial Bancorp during the second quarter worth $54,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sound Financial Bancorp

In other Sound Financial Bancorp news, CEO Laura Lee Stewart sold 900 shares of Sound Financial Bancorp stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $42.60, for a total value of $38,340.00. Following the completion of the transaction, the chief executive officer owned 9,000 shares in the company, valued at approximately $383,400. The trade was a 9.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Sound Financial Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Sound Financial Bancorp Price Performance

Shares of Sound Financial Bancorp stock opened at $46.25 on Friday. The stock has a market capitalization of $118.86 million and a price-to-earnings ratio of 14.82. The firm’s 50-day moving average price is $44.76 and its two-hundred day moving average price is $43.59. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 0.07. Sound Financial Bancorp, Inc. has a 1-year low of $40.68 and a 1-year high of $49.21.

Sound Financial Bancorp (NASDAQ:SFBC) last posted its earnings results on Tuesday, July 28th. The bank reported $0.98 earnings per share (EPS) for the quarter. The company had revenue of $11.02 million during the quarter. Sound Financial Bancorp had a net margin of 12.89% and a return on equity of 7.31%.

Sound Financial Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, August 7th. Sound Financial Bancorp’s dividend payout ratio (DPR) is currently 26.92%.

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.