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Sound Financial Bancorp (SFBC)

Sound Financial Bancorp, Inc., a bank holding company, is the parent company of Sound Community Bank, and is headquartered in Seattle, Washington with full-service branches in Seattle, Tacoma, Mountlake Terrace, Sequim, Port Angeles, Port Ludlow and University Place. Sound Community Bank is a Fannie Mae Approved Lender and Seller/Servicer with one Loan Production Office located in the Madison Park neighborhood of Seattle, Washington.

SFBC stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

11 Aug 22
13 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
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) 80.05M 80.05M 80.05M 80.05M 80.05M 80.05M
Cash burn (monthly) 39.01M 13.06M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 57.44M 19.23M n/a n/a n/a n/a
Cash remaining 22.61M 60.82M n/a n/a n/a n/a
Runway (months of cash) 0.6 4.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Aug 22 Stewart Laura Lee Common Stock Payment of exercise Dispose F No No 37.77 2,431 91.82K 50,799
8 Aug 22 Stewart Laura Lee Common Stock Option exercise Acquire M No No 18.36 5,000 91.8K 53,230
8 Aug 22 Stewart Laura Lee Stock Option Common Stock Option exercise Dispose M No No 18.36 5,000 91.8K 3,502
3 Aug 22 Haddad David S Jr Common Stock Gift Dispose G No No 0 15 0 5,121
28 Jun 22 Stilwell Joseph Common Stock Buy Acquire P Yes No 36.0282 2,500 90.07K 128,467
28 Jun 22 Stilwell Joseph Common Stock Buy Acquire P Yes No 36.0282 13,176 474.71K 36,030
28 Jun 22 Stilwell Joseph Common Stock Buy Acquire P Yes No 36.0282 7,424 267.47K 25,439
27 Jun 22 Stilwell Joseph Common Stock Buy Acquire P Yes No 36 436 15.7K 18,015
10 May 22 Heidi Sexton Common Stock Payment of exercise Dispose F No No 37.5 595 22.31K 13,101
10 May 22 Heidi Sexton Common Stock Option exercise Acquire M No No 22.31 1,000 22.31K 13,696
1.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 22 25 -12.0%
Opened positions 1 2 -50.0%
Closed positions 4 0 NEW
Increased positions 6 5 +20.0%
Reduced positions 3 9 -66.7%
13F shares Current Prev Q Change
Total value 42.99M 50.11M -14.2%
Total shares 1.13M 1.14M -0.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Stilwell Value 294.4K $11.22M 0.0%
FJ Capital Management 218.4K $8.32M +0.2%
Wasatch Advisors 149.34K $5.69M -11.4%
M3F 100.28K $3.82M +33.2%
Alliancebernstein 98.21K $3.74M +10.2%
Vanguard 78.16K $2.98M +21.6%
Oppenheimer & Close 35.95K $1.37M 0.0%
Context BH Capital Management 35.4K $1.35M 0.0%
Maltese Capital Management 22.5K $858K 0.0%
Bridgeway Capital Management 20.2K $770K 0.0%
Largest transactions Shares Bought/sold Change
Boothbay Fund Management 0 -31.42K EXIT
M3F 100.28K +24.98K +33.2%
Wasatch Advisors 149.34K -19.3K -11.4%
Vanguard 78.16K +13.88K +21.6%
Alliancebernstein 98.21K +9.12K +10.2%
Seizert Capital Partners 0 -8.84K EXIT
STT State Street 9.6K +1.22K +14.5%
FJ Capital Management 218.4K +402 +0.2%
BLK Blackrock 6.07K -230 -3.7%
Vectors Research Management 0 -203 EXIT

Financial report summary

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Competition
FintechFintech
Risks
  • The COVID-19 pandemic has impacted the way we conduct business which may adversely impact our financial results and those of our customers. The ultimate impact will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities in response to the pandemic.
  • A worsening of economic conditions in our market area could reduce demand for our products and services and result in increases in our level of nonperforming loans, which could adversely affect our operations, financial condition and earnings.
  • Our business may be adversely affected by credit risk associated with residential property and declining property values.
  • Our allowance for loan losses may prove inadequate or we may be negatively affected by credit risk exposures. Future additions to our allowance for loan losses, as well as charge-offs in excess of reserves, will reduce our earnings.
  • Fluctuating interest rates can adversely affect our profitability.
  • Changes in the valuation of our securities portfolio could hurt our profits and reduce our capital levels.
  • An increase in interest rates, change in the programs offered by Fannie Mae or our ability to qualify for its programs may reduce our mortgage revenues, which would negatively impact our noninterest income.
  • A failure in or breach of our security systems or infrastructure, including breaches resulting from cyber-attacks, could disrupt our businesses, result in the disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses.
  • The failure to protect our customers' confidential information and privacy could adversely affect our business.
  • Our operations rely on certain external vendors.
  • We continually encounter technological change, and we may have fewer resources than many of our competitors to invest in technological improvements.
  • Our business may be adversely affected by an increasing prevalence of fraud and other financial crimes.
  • We operate in a highly regulated environment and may be adversely affected by changes in federal and state laws and regulations that could increase our costs of operations.
  • Our accounting policies and methods are fundamental to how we report our financial condition and results of operations, and we use estimates in determining the fair value of certain of our assets, which estimates may prove to be imprecise and result in significant changes in valuation.
  • Ineffective liquidity management could adversely affect our financial results and condition.
  • Societal responses to climate change could adversely affect our business and performance, including indirectly through impacts on our customers.
  • If our enterprise risk management framework is not effective at mitigating risk and loss to us, we could suffer unexpected losses and our results of operations could be materially adversely affected.
  • We are subject to certain risks in connection with our data management or aggregation.
  • Our growth or future losses may require us to raise additional capital in the future, but that capital may not be available when it is needed, or the cost of that capital may be very high.
  • As a community bank, maintaining our reputation in our market area is critical to the success of our business, and the failure to do so may materially adversely affect our performance.
  • The Company may not attract and retain skilled employees.
  • The Company's ability to pay dividends and make subordinated debt payments is subject to the ability of the Bank to make capital distributions to the Company.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. junior Avg
New words: Agriculture, chain, deployment, discontinued, expanded, Francisco, half, hiring, inflation, labor, oil, outpacing, recession, San, strategic, supply, travel
Removed: analyzing, assist, authority, contact, COVID, disbursement, effectively, frame, grow, health, longer, monitor, moved, occupancy, performed, reduce, relation, remove, renegotiated, returned, revised, running, safe, serve, short, slightly, supporting, turn