Sound Financial Bancorp (SFBC)

Company Profile

sound community bank is a state-chartered commercial bank headquartered in seattle, washington. we offer a variety of banking services for consumers and small businesses, including mortgage, commercial and consumer loans, checking, savings, money market accounts and certificates of deposit.

Company profile

Ticker

SFBC

Exchange

NASDAQ

Website

soundcb.com

CEO

Laura Lee Stewart

Incorporated

Maryland

Location

Washington

Fiscal year end

Dec 31

Sector

Finance and Insurance > Savings Institutions

Industry (SIC)

Savings Institution, Federally Chartered

E Trade Financial • People's United Financial • BankUnited • Umpqua • TFS Financial • Eastern Bankshares • Capitol Federal Financial • Provident Financial Services • Columbia Financial • Brookline Bancorp ...

SEC CIK

0001541119

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

SFBC stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

11 Aug 23

Sound Financial Bancorp, Inc. Announces Extension of Stock Repurchase Program

25 Jul 23

8-K

Results of Operations and Financial Condition

Submission of Matters to a Vote of Security Holders

12 May 23

Results of Operations and Financial Condition

24 Apr 23

ARS

2022 FY

Annual report to shareholders

18 Apr 23

DEFA14A

Additional proxy soliciting materials

18 Apr 23

DEF 14A

Definitive proxy

18 Apr 23

Latest ownership filings

View all

Notice of proposed sale of securities

Financial summary

Financial statements Chart SFBC financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	100.17 mm	100.17 mm	100.17 mm	100.17 mm	100.17 mm	100.17 mm
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	(no burn)	53.67 k	(no burn)
Cash used (since last report)	n/a	n/a	n/a	n/a	147.74 k	n/a
Cash remaining	n/a	n/a	n/a	n/a	100.02 mm	n/a
Runway (months of cash)	n/a	n/a	n/a	n/a	1863.8	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

SFBC institutional ownership history Ownership history

56.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	25	22	+13.6%
Opened positions	6	1	+500.0%
Closed positions	3	4	-25.0%
Increased positions	6	5	+20.0%
Reduced positions	6	5	+20.0%

13F shares	Current	Prev Q	Change
Total value	27.98 bn	33.51 bn	-16.5%
Total shares	1.46 mm	1.57 mm	-7.4%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Stilwell Value	358.14 k	$12.71 bn	+11.6%
Stilwell Joseph	340.14 k	$12.24 mm	+7.0%
FJ Capital Management	203.57 k	$7.23 bn	0.0%
M3 Partners	173.41 k	$0.00	0.0%
M3F	146.92 k	$5.22 mm	-16.3%
Oppenheimer & Close	35.95 k	$1.28 bn	0.0%
BLK Blackrock	26.04 k	$924.35 mm	+23.6%
Vanguard	23.65 k	$839.47 mm	-70.4%
Geode Capital Management	20.54 k	$734.04 mm	-7.0%
Bridgeway Capital Management	20.04 k	$715.85 mm	+1.6%

Largest transactions	Shares	Bought/sold	Change
Alliancebernstein	0.00	-111.74 k	EXIT
Vanguard	23.65 k	-56.28 k	-70.4%
Stilwell Value	358.14 k	+37.14 k	+11.6%
M3F	146.92 k	-28.69 k	-16.3%
Stilwell Joseph	340.14 k	+22.20 k	+7.0%
Context BH Capital Management	0.00	-22.17 k	EXIT
Greenwich Investment Management	14.87 k	+14.87 k	NEW
Empowered Funds	10.04 k	+10.04 k	NEW
Alpha Architect ETF Trust	10.04 k	+10.04 k	NEW
HRT Financial	8.92 k	+8.92 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SFBC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Sep 23	Stilwell Joseph	Common Stock	Buy	Acquire P	Yes	No	36.75	848	31.16 k	183,737
18 Sep 23	Stilwell Joseph	Common Stock	Buy	Acquire P	Yes	No	36.5	292	10.66 k	182,889
15 Sep 23	Stilwell Joseph	Common Stock	Buy	Acquire P	Yes	No	37	2,500	92.50 k	182,597
14 Sep 23	Stilwell Joseph	Common Stock	Buy	Acquire P	Yes	No	37	2,500	92.50 k	180,097
15 Aug 23	Haddad David S Jr	Common Stock	Sell	Dispose S	No	No	37.26	130	4.84 k	4,478
15 Aug 23	Haddad David S Jr	Common Stock	Sell	Dispose S	No	No	37.25	370	13.78 k	4,608

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Sound Financial Bancorp Q2 EPS $1.11 Up From $0.61 YoY, Sales $10.64M Up From $9.41M YoY

26 Jul 23

Sound Financial Bancorp (NASDAQ:SFBC) reported quarterly earnings of $1.11 per share. This is a 81.97 percent increase over earnings of $0.61 per share from the same period last year. The company reported $10.64 million

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25 Jul 23

Although US stocks closed higher on Monday, there were a few notable insider trades.

Press releases

From Benzinga Pro

Sound Financial Bancorp, Inc. Announces Extension of Stock Repurchase Program

25 Jul 23

SEATTLE, July 25, 2023 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the "Company"), the parent holding company of Sound Community Bank, today announced that its Board of Directors extended the

Sound Financial Bancorp, Inc. Q2 2023 Results

25 Jul 23

SEATTLE, July 25, 2023 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (the "Company") (NASDAQ:SFBC), the holding company for Sound Community Bank (the "Bank"), today reported net income of $2.9