Weiss Ratings Reiterates Hold (C) Rating for Sound Financial Bancorp (NASDAQ:SFBC)

Sound Financial Bancorp (NASDAQ:SFBC)‘s stock had its “hold (c)” rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Sound Financial Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sound Financial Bancorp has an average rating of “Hold”.

Sound Financial Bancorp Stock Performance

Shares of SFBC opened at $46.06 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market cap of $118.37 million, a P/E ratio of 18.95 and a beta of 0.17. The company has a 50-day moving average of $46.68 and a two-hundred day moving average of $48.24. Sound Financial Bancorp has a 12-month low of $44.00 and a 12-month high of $55.85.

Sound Financial Bancorp (NASDAQ:SFBC) last issued its quarterly earnings results on Tuesday, July 29th. The bank reported $0.79 EPS for the quarter. The business had revenue of $10.38 million during the quarter. Sound Financial Bancorp had a net margin of 10.02% and a return on equity of 6.05%.

Institutional Investors Weigh In On Sound Financial Bancorp

Several institutional investors have recently bought and sold shares of the business. Kennedy Capital Management LLC grew its stake in Sound Financial Bancorp by 499.5% during the second quarter. Kennedy Capital Management LLC now owns 52,365 shares of the bank’s stock worth $2,409,000 after buying an additional 43,630 shares during the period. Geode Capital Management LLC boosted its stake in shares of Sound Financial Bancorp by 106.6% in the second quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock valued at $2,324,000 after purchasing an additional 26,059 shares during the period. Arcus Capital Partners LLC purchased a new position in shares of Sound Financial Bancorp in the first quarter valued at $558,000. FNY Investment Advisers LLC boosted its stake in shares of Sound Financial Bancorp by 52.6% in the second quarter. FNY Investment Advisers LLC now owns 9,600 shares of the bank’s stock valued at $441,000 after purchasing an additional 3,307 shares during the period. Finally, New York State Common Retirement Fund purchased a new position in shares of Sound Financial Bancorp in the second quarter valued at $101,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

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.