NasdaqCM:SFBC

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Sound Financial Bancorp

Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Sound Financial Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SFBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SFBC's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

1.6%

SFBC

5.7%

US Banks

2.1%

US Market


1 Year Return

n/a

SFBC

-17.0%

US Banks

19.8%

US Market

Return vs Industry: Insufficient data to determine how SFBC performed against the US Banks industry.

Return vs Market: Insufficient data to determine how SFBC performed against the US Market.


Shareholder returns

SFBCIndustryMarket
7 Day1.6%5.7%2.1%
30 Day6.8%23.3%8.1%
90 Day7.1%18.5%6.0%
1 Yearn/a-14.0%-17.0%22.5%19.8%
3 Year-4.9%-10.2%-3.3%-11.4%46.5%36.8%
5 Year54.7%41.5%40.4%22.9%96.9%75.3%

Long-Term Price Volatility Vs. Market

How volatile is Sound Financial Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

10.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SFBC ($31) is trading above our estimate of fair value ($26.49)

Significantly Below Fair Value: SFBC is trading above our estimate of fair value.


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 (11.5x).

PE vs Market: SFBC is good value based on its PE Ratio (10.8x) compared to the US market (19.7x).


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's PB Ratio (1x) is in line with the US Banks industry average.


Next Steps

Future Growth

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

16.3%

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.


Next Steps

Past Performance

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

8.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SFBC has high quality earnings.

Growing Profit Margin: SFBC's current net profit margins (23.1%) are higher than last year (20.6%).


Past Earnings Growth Analysis

Earnings Trend: SFBC's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: SFBC's earnings growth over the past year (13.3%) exceeds its 5-year average (8.6% per year).

Earnings vs Industry: SFBC earnings growth over the past year (13.3%) exceeded the Banks industry -4.3%.


Return on Equity

High ROE: SFBC's Return on Equity (8.9%) is considered low.


Next Steps

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 (10.5x) is moderate.

Allowance for Bad Loans: SFBC has a sufficient allowance for bad loans (181%).

Low Risk Liabilities: 95% 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 (79%).

Low Risk Deposits: SFBC's Loans to Deposits ratio (91%) is appropriate.

Level of Bad Loans: SFBC has an appropriate level of bad loans (0.5%).


Next Steps

Dividend

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

1.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SFBC's dividend (1.94%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: SFBC's dividend (1.94%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: SFBC's dividend payments have been volatile in the past 10 years.

Growing Dividend: SFBC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.6%), 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

Management

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

15.8yrs

Average board tenure


CEO

Laurie Stewart (71 yo)

12.83yrs

Tenure

US$638,898

Compensation

Ms. Laura Lee Stewart, also known as Laurie, has been President and Chief Executive Officer of Sound Financial Bancorp Inc. since January 2008. Ms. Stewart serves as Chief Executive Officer of Sound Commun...


CEO Compensation Analysis

Compensation vs Market: Laurie's total compensation ($USD638.90K) is about average for companies of similar size in the US market ($USD561.41K).

Compensation vs Earnings: Laurie's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Laura Stewart
President12.83yrsUS$638.90k2.9%
$ 2.3m
Debra Jones
Independent Director15.83yrsUS$52.46k0.94%
$ 749.1k
Rogelio Riojas
Independent Director15.83yrsUS$52.46k1.38%
$ 1.1m
David Haddad
Independent Vice Chairman of the Board12.83yrsUS$52.46k0.61%
$ 487.9k
Robert Carney
Independent Director36.83yrsUS$52.46k0.42%
$ 336.8k
James Sweeney
Independent Director34.83yrsUS$52.46k0.67%
$ 534.8k
Tyler Myers
Independent Chairman of the Board12.83yrsUS$52.46k1.6%
$ 1.3m

15.8yrs

Average Tenure

71yo

Average Age

Experienced Board: SFBC's board of directors are seasoned and experienced ( 15.8 years average tenure).


Ownership

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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sound Financial Bancorp, Inc.
  • Ticker: SFBC
  • Exchange: NasdaqCM
  • Founded: 2008
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$79.551m
  • Shares outstanding: 2.57m
  • Website: https://www.soundcb.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SFBCNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 2008

Biography

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 prod...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 23:36
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.