company background image

Sound Financial BancorpNasdaqCM:SFBC Stock Report

Market Cap







23 Oct, 2021


Company Financials
SFBC fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance5/6
Financial Health6/6

SFBC Overview

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.

Sound Financial Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sound Financial Bancorp
Historical stock prices
Current Share PriceUS$44.00
52 Week HighUS$28.27
52 Week LowUS$48.39
1 Month Change-6.76%
3 Month Change-1.96%
1 Year Change51.67%
3 Year Change22.05%
5 Year Change75.30%
Change since IPO388.89%

Recent News & Updates

May 21
Shareholders Will Probably Hold Off On Increasing Sound Financial Bancorp, Inc.'s (NASDAQ:SFBC) CEO Compensation For The Time Being

Shareholders Will Probably Hold Off On Increasing Sound Financial Bancorp, Inc.'s (NASDAQ:SFBC) CEO Compensation For The Time Being

Under the guidance of CEO Laurie Stewart, Sound Financial Bancorp, Inc. ( NASDAQ:SFBC ) has performed reasonably well...

May 06

Sound Financial Bancorp goes ex-dividend tomorrow

Sound Financial Bancorp (SFBC) had declared $0.17/share quarterly dividend, in line with previous.Payable May 24; for shareholders of record May 10; ex-div May 7.See SFBC Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

SFBCUS BanksUS Market

Return vs Industry: SFBC underperformed the US Banks industry which returned 73.9% over the past year.

Return vs Market: SFBC exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is SFBC's price volatile compared to industry and market?
SFBC volatility
SFBC Beta1.01
Industry Beta1.32
Market Beta1

Stable Share Price: SFBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SFBC's weekly volatility (3%) has been stable over the past year.

About the Company

1953115Laurie Stewart

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. The company also offers loans secured by first and second mortgages on one-to four-family residences; home equity loans, including fixed-rate loans and variable-rate lines of credit; commercial and multifamily real estate loans; construction loans secured by single-family residences, and commercial and multifamily real estate; land loans; commercial business loans to finance commercial vehicles and equipment, as well as loans secured by accounts receivable and/or inventory; and secured and unsecured consumer loans, such as new and used manufactured homes, floating homes, automobiles, boats, and recreational vehicle loans, and loans secured by deposit accounts.

Sound Financial Bancorp Fundamentals Summary

How do Sound Financial Bancorp's earnings and revenue compare to its market cap?
SFBC fundamental statistics
Market CapUS$113.88m
Earnings (TTM)US$10.53m
Revenue (TTM)US$36.80m


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SFBC income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$36.80m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date


Earnings per share (EPS)4.07
Gross Margin100.00%
Net Profit Margin28.62%
Debt/Equity Ratio13.0%

How did SFBC perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Sound Financial Bancorp undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SFBC ($44) is trading below our estimate of fair value ($53.34)

Significantly Below Fair Value: SFBC is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: SFBC is good value based on its PE Ratio (10.8x) compared to the US Banks industry average (11.2x).

PE vs Market: SFBC is good value based on its PE Ratio (10.8x) compared to the US market (18.2x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SFBC's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: SFBC is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).

Future Growth

How is Sound Financial Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sound Financial Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Sound Financial Bancorp performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SFBC has high quality earnings.

Growing Profit Margin: SFBC's current net profit margins (28.6%) are higher than last year (21.3%).

Past Earnings Growth Analysis

Earnings Trend: SFBC's earnings have grown by 13.1% per year over the past 5 years.

Accelerating Growth: SFBC's earnings growth over the past year (61.4%) exceeds its 5-year average (13.1% per year).

Earnings vs Industry: SFBC earnings growth over the past year (61.4%) exceeded the Banks industry 37.5%.

Return on Equity

High ROE: SFBC's Return on Equity (11.8%) is considered low.

Financial Health

How is Sound Financial Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: SFBC's Assets to Equity ratio (10.3x) is moderate.

Allowance for Bad Loans: SFBC has a sufficient allowance for bad loans (413%).

Low Risk Liabilities: 97% of SFBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: SFBC has an appropriate level of Loans to Assets ratio (69%).

Low Risk Deposits: SFBC's Loans to Deposits ratio (79%) is appropriate.

Level of Bad Loans: SFBC has an appropriate level of bad loans (0.2%).


What is Sound Financial Bancorp current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SFBC's dividend (1.77%) is higher than the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: SFBC's dividend (1.77%) is low compared to the top 25% of dividend payers in the US market (3.47%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SFBC has been paying a dividend for less than 10 years.

Growing Dividend: SFBC's dividend payments have increased, but the company has only paid a dividend for 8 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.7%), SFBC's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Laurie Stewart (72 yo)





Ms. Laura Lee Stewart, also known as Laurie, is President and Chief Executive Officer of Sound Community Bank and Sound Financial Bancorp, Inc. Ms. Stewart served as Interim Chief Financial Officer of Soun...

CEO Compensation Analysis

Compensation vs Market: Laurie's total compensation ($USD825.82K) is above average for companies of similar size in the US market ($USD542.68K).

Compensation vs Earnings: Laurie's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: SFBC's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.

Board Members

Experienced Board: SFBC's board of directors are seasoned and experienced ( 16.8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Sound Financial Bancorp, Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: Sound Financial Bancorp, Inc.
  • Ticker: SFBC
  • Exchange: NasdaqCM
  • Founded: 1953
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$113.881m
  • Shares outstanding: 2.59m
  • Website:

Number of Employees


  • Sound Financial Bancorp, Inc.
  • 2400 3rd Avenue
  • Suite 150
  • Seattle
  • Washington
  • 98121
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 22:29
End of Day Share Price2021/10/22 00:00
Annual Earnings2020/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.