Saturday, 18 May 2024


Sound Financial Bancorp director sells shares worth over $22,000 By


Sound Financial Bancorp, Inc. (NASDAQ:SFBC) reported a notable transaction involving one of its directors, David S. Haddad Jr., who sold shares in the company. The sale totaled over $22,000, with shares priced at $39.3 each.

On May 14, 2024, Haddad engaged in a transaction that resulted in the sale of 564 shares of common stock of Sound Financial Bancorp. The shares were sold at a price of $39.3, amounting to a total value of $22,165. Following this transaction, the director’s ownership in the company was adjusted to 3,928 shares of common stock.

The filing, which was made public on May 15, reveals the details of the sale and provides insight into the director’s remaining stake in the company. It’s worth noting that the transactions occurred within the guidelines and reporting requirements set by the Securities and Exchange Commission.

Investors and market watchers often scrutinize such filings for indications of an insider’s belief in the company’s future performance. Transactions like these are standard and are required to be reported to the SEC to maintain transparency in the financial markets.

Sound Financial Bancorp, based in Seattle, Washington, operates as a federally chartered savings institution. The company’s stock is traded on the NASDAQ exchange under the ticker symbol SFBC.

InvestingPro Insights

Amid the recent transaction by Director David S. Haddad Jr., Sound Financial Bancorp, Inc. (NASDAQ:SFBC) presents a mixed financial outlook. According to real-time data from InvestingPro, the company has a market capitalization of approximately $99.92 million, with a Price/Earnings (P/E) ratio standing at 16.72, reflecting market sentiment towards its earnings capacity. The P/E ratio has remained quite stable, with the last twelve months as of Q1 2024 showing a minor adjustment to 16.67.

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One of the key InvestingPro Tips highlights that Sound Financial Bancorp has maintained dividend payments for 12 consecutive years, demonstrating a commitment to returning value to shareholders. This is further evidenced by a dividend yield of 1.93% as of the latest data. Additionally, the company’s gross profit for the last twelve months as of Q1 2024 was reported at $37.39 million, despite a noted weakness in gross profit margins as per another InvestingPro Tip. This could be a point of consideration for investors assessing the company’s profitability against its revenue…

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