Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Short Interest Down 16.0% in December

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,100 shares, a decrease of 16.0% from the November 30th total of 2,500 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.1% of the company’s stock are sold short.

Sound Financial Bancorp Stock Performance

SFBC traded down $0.99 during trading hours on Friday, hitting $52.64. 2,916 shares of the stock were exchanged, compared to its average volume of 2,749. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.12 and a quick ratio of 1.12. Sound Financial Bancorp has a 12 month low of $38.61 and a 12 month high of $55.99. The stock has a 50-day simple moving average of $53.83 and a 200-day simple moving average of $49.91. The stock has a market cap of $134.97 million, a price-to-earnings ratio of 34.41 and a beta of 0.68.

Sound Financial Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.76 annualized dividend and a yield of 1.44%. Sound Financial Bancorp’s dividend payout ratio (DPR) is 49.67%.

Insider Activity

In related news, Director James E. Sweeney sold 592 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $52.57, for a total value of $31,121.44. Following the completion of the sale, the director now directly owns 2,942 shares of the company’s stock, valued at $154,660.94. The trade was a 16.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 1,026 shares of company stock worth $54,446. 12.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sound Financial Bancorp

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Sound Financial Bancorp by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,811 shares of the bank’s stock valued at $739,000 after purchasing an additional 1,122 shares during the last quarter. Arcus Capital Partners LLC bought a new stake in shares of Sound Financial Bancorp during the third quarter valued at approximately $503,000. Geode Capital Management LLC boosted its position in shares of Sound Financial Bancorp by 6.3% during the third quarter. Geode Capital Management LLC now owns 23,885 shares of the bank’s stock worth $1,278,000 after buying an additional 1,407 shares during the period. Finally, State Street Corp grew its holdings in Sound Financial Bancorp by 10.9% in the 3rd quarter. State Street Corp now owns 5,095 shares of the bank’s stock worth $273,000 after buying an additional 500 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

Sound Financial Bancorp Company Profile

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.