Short Interest in Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Grows By 128.6%

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 4,800 shares, a growth of 128.6% from the December 15th total of 2,100 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is presently 2.5 days.

Sound Financial Bancorp Stock Performance

NASDAQ SFBC traded up $1.04 on Tuesday, hitting $54.26. 611 shares of the company traded hands, compared to its average volume of 1,197. The company has a market capitalization of $139.12 million, a price-to-earnings ratio of 35.46 and a beta of 0.69. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average price is $53.71 and its 200-day moving average price is $50.92. Sound Financial Bancorp has a 52-week low of $39.00 and a 52-week high of $55.99.

Sound Financial Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a $0.19 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.40%. Sound Financial Bancorp’s payout ratio is 49.67%.

Insider Activity at Sound Financial Bancorp

In other Sound Financial Bancorp news, Director James E. Sweeney sold 592 shares of Sound Financial Bancorp stock in a transaction on 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 owns 2,942 shares of the company’s stock, valued at approximately $154,660.94. This trade represents a 16.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 1,026 shares of company stock worth $54,446 in the last ninety days. 12.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sound Financial Bancorp

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Sound Financial Bancorp by 6.3% in the third quarter. Geode Capital Management LLC now owns 23,885 shares of the bank’s stock valued at $1,278,000 after acquiring an additional 1,407 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sound Financial Bancorp by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 16,811 shares of the bank’s stock worth $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 in the third quarter worth about $503,000. FNY Investment Advisers LLC increased its holdings in shares of Sound Financial Bancorp by 97.1% in the fourth quarter. FNY Investment Advisers LLC now owns 5,530 shares of the bank’s stock worth $291,000 after purchasing an additional 2,725 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Sound Financial Bancorp by 10.9% in the third quarter. State Street Corp now owns 5,095 shares of the bank’s stock worth $273,000 after purchasing an additional 500 shares during the last quarter. 68.85% of the stock is currently owned by hedge funds and other 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.