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

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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 growth, which has seen a decline of 6.49% over the same period.

Investors interested in a deeper dive into Sound Financial Bancorp’s financial health can explore more InvestingPro Tips for the company at https://www.investing.com/pro/SFBC. Currently, there are additional tips available, providing a comprehensive analysis of the company’s performance and potential investment risks or opportunities. For those considering an InvestingPro subscription, use the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering valuable insights to inform your investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Stock Markets

Comet fragment lights up sky over Spain and Portugal ‘like a movie’

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By Catarina Demony and Ana Cantero

LISBON (Reuters) – A bright comet fragment lit up the skies over parts of Spain and Portugal late on Saturday, according to the European Space Agency (ESA), with one Lisbon resident saying the dazzling display “felt like a movie”.

On Sunday morning, the ESA shared on X a video captured by its “fireball camera” of what it described as a “stunning meteor” over the skies of the western Spanish city of Caceres, near the Portuguese border.

But it later said it appeared to be a “small piece of a comet” and not a meteor, estimating it flew over Spain and Portugal at a speed of 45 km (28 miles) per second before burning up over the Atlantic.

“The likelihood of any meteorites being found is very low,” the ESA said.

In both countries, videos shot in several cities and towns went viral on social media, showing the object crossing the night sky at high speed and illuminating it in bright tones of blue and green.

The Spanish Calar Alto astronomical observatory also said a preliminary analysis by Andalusia’s Institute of Astrophysics revealed the object had a “cometary origin”.

During a concert in the Portuguese city of Barcelos, the object was filmed streaking across the sky as the singer performed. Another video showed the skies of Porto, Portugal’s second biggest city, turning bright for a few seconds.

Many contacted emergency services to report what happened. A spokesperson for the Spanish Emergency service 112, in Madrid, told Europa Press news agency it had received several calls.

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Lisbon resident Bernardo Taborda, 31, told Reuters he was walking around the city with friends when the sky suddenly turned bright green: “It almost looked like daylight … we all looked back and saw it.”

“It felt like a movie, we all looked at each other and we were stunned,” Taborda said. “It was amazing.”

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Helicopter carrying Iran’s President Raisi crashes in mountains, official says

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By Parisa Hafezi and Elwely Elwelly

DUBAI (Reuters) -A helicopter carrying Iranian President Ebrahim Raisi and his foreign minister crashed on Sunday as it was crossing mountain terrain in heavy fog, an Iranian official told Reuters, and rescuers were making their way to the site of the incident.

The official said the lives of Raisi and Foreign Minister Hossein Amirabdollahian were “at risk following the helicopter crash”, which happened on the way back from a visit to Iran’s border with Azerbaijan.

“We are still hopeful but information coming from the crash site is very concerning,” said the official, speaking on condition of anonymity.

The bad weather was complicating rescue efforts, the state news agency IRNA reported. The chief of staff of Iran’s army ordered all the resources of the army and the elite Revolutionary Guard to be put to use in the search and rescue operations.

State TV stopped all its regular programming to show prayers being held for Raisi across the country and, in a corner of the screen, live coverage of rescue teams deployed on foot in the mountainous area in heavy fog.

The rescue teams were expected to reach the site of the crash later on Sunday evening, state TV reported.

Raisi, 63, was elected president in 2021, and since taking office has ordered a tightening of morality laws, overseen a bloody crackdown on anti-government protests and pushed hard in nuclear talks with world powers.

In Iran’s dual political system, split between the clerical establishment and the government, it is the supreme leader rather than the president who has the final say on all major policies.

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But many have seen Raisi as a strong contender to succeed his 85-year-old mentor, Supreme Leader Ayatollah Ali Khamenei, who has strongly endorsed Raisi’s main policies.

Raisi’s victory in a closely managed election in 2021 brought all branches of power under the control of hardliners, after eight years when the presidency had been held by pragmatist Hassan Rouhani, who negotiated a nuclear deal with Washington.

However, Raisi’s standing may have been dented by widespread protests against clerical rule and a failure to turn around Iran’s economy, hamstrung by Western sanctions.

Raisi had been at the Azerbaijani border to inaugurate the Qiz-Qalaisi Dam, a joint project.

Interior Minister Ahmed Vahidi told state TV only that one of the helicopters in a group of three had come down in the incident, and that authorities were awaiting further details.

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Sean ‘Diddy’ Combs apologizes after video depicting attack on ex-girlfriend

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By Katharine Jackson

(Reuters) – Music mogul Sean “Diddy” Combs posted an apology to social media on Sunday, two days after the release of hotel surveillance video that appeared to show him attacking his ex-girlfriend.

“I’m truly sorry,” Combs said in a video post on his Instagram page. “My behavior on that video is inexcusable. I take full responsibility for my actions in that video. I’m disgusted. I was disgusted then when I did it. I’m disgusted now.”

Addressing the camera directly, Combs said he had sought therapy and gone into rehab.

In the surveillance video from 2016, which was released by CNN on Friday, the rapper appears to grab R&B vocalist Casandra Ventura as she waits by an elevator in a California hotel. Clad only in a towel, he throws her to the floor, kicking her repeatedly before dragging her toward a hallway, the video shows.

A representative for Combs could not be immediately reached for further comment.

Ventura, who performs under the stage name Cassie, sued Combs in 2023, accusing him of serial physical abuse, sexual slavery and rape during a 10-year professional and romantic relationship in which he controlled her through intimidation, drugs and alcohol. The parties settled the matter the following day for undisclosed terms. Representatives for Combs said at the time the settlement was “in no way an admission of wrongdoing.”

The lawsuit was one of at least four civil complaints in recent months that leveled sexual assault allegations against Combs.

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The U.S. Department of Homeland Security said in March it had opened an investigation into the hip-hop star and searched his homes in the Miami area and in Los Angeles; it provided no details of the nature of the investigation.

Local television images of the search showed an armored vehicle and officers carrying rifles outside Combs’ Los Angeles home. Authorities detained some people at the property with their hands bound by zip ties.

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