Wall Street Zen Upgrades Sound Financial Bancorp (NASDAQ:SFBC) to Hold

Sound Financial Bancorp (NASDAQ:SFBC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Friday.

Sound Financial Bancorp Trading Down 3.7%

Shares of SFBC stock opened at $44.77 on Friday. Sound Financial Bancorp has a 1 year low of $42.65 and a 1 year high of $55.99. The firm has a fifty day moving average price of $48.34 and a 200-day moving average price of $50.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $115.06 million, a price-to-earnings ratio of 22.96 and a beta of 0.21.

Sound Financial Bancorp (NASDAQ:SFBC) last released its earnings results on Tuesday, April 29th. The bank reported $0.45 earnings per share for the quarter. Sound Financial Bancorp had a net margin of 8.12% and a return on equity of 4.89%. The company had revenue of $9.17 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SFBC. Virtu Financial LLC purchased a new position in shares of Sound Financial Bancorp during the 4th quarter valued at $235,000. Alliancebernstein L.P. lifted its stake in Sound Financial Bancorp by 1.3% in the 4th quarter. Alliancebernstein L.P. now owns 150,215 shares of the bank’s stock worth $7,909,000 after purchasing an additional 1,863 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Sound Financial Bancorp by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,016 shares of the bank’s stock worth $949,000 after purchasing an additional 435 shares in the last quarter. Northern Trust Corp lifted its stake in Sound Financial Bancorp by 44.3% in the 4th quarter. Northern Trust Corp now owns 7,141 shares of the bank’s stock worth $376,000 after purchasing an additional 2,193 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in Sound Financial Bancorp by 13.8% in the 1st quarter. FNY Investment Advisers LLC now owns 6,293 shares of the bank’s stock worth $315,000 after purchasing an additional 763 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Sound Financial Bancorp Company Profile

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.