Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Sees Large Drop in Short Interest

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 1,500 shares, a drop of 21.1% from the March 31st total of 1,900 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 3.0 days. Currently, 0.1% of the shares of the stock are sold short.

Sound Financial Bancorp Stock Performance

Sound Financial Bancorp stock remained flat at $39.15 during mid-day trading on Friday. 48 shares of the company’s stock traded hands, compared to its average volume of 715. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. Sound Financial Bancorp has a twelve month low of $33.27 and a twelve month high of $41.41. The firm has a market capitalization of $100.22 million, a PE ratio of 13.69 and a beta of 0.60. The business’s 50 day moving average price is $40.16 and its two-hundred day moving average price is $38.71.

Sound Financial Bancorp (NASDAQ:SFBC) last posted its quarterly earnings data on Friday, January 26th. The bank reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $8.63 million during the quarter. Sound Financial Bancorp had a net margin of 13.38% and a return on equity of 7.45%.

Institutional Investors Weigh In On Sound Financial Bancorp

A number of large investors have recently added to or reduced their stakes in the company. Financial Insights Inc. bought a new stake in shares of Sound Financial Bancorp in the 3rd quarter worth approximately $210,000. Graham Capital Wealth Management LLC purchased a new position in Sound Financial Bancorp in the 4th quarter worth $250,000. Finally, Stilwell Value LLC lifted its stake in Sound Financial Bancorp by 5.9% in the third quarter. Stilwell Value LLC now owns 379,133 shares of the bank’s stock worth $14,017,000 after purchasing an additional 20,995 shares during the last quarter. Hedge funds and other 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.