Sound Financial Bancorp (NASDAQ:SFBC) Stock Rating Upgraded by Wall Street Zen

Sound Financial Bancorp (NASDAQ:SFBC) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Sound Financial Bancorp in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Sound Financial Bancorp Trading Up 4.0%

NASDAQ:SFBC opened at $43.88 on Friday. Sound Financial Bancorp has a 52 week low of $40.68 and a 52 week high of $51.99. The firm has a 50-day moving average price of $43.25 and a two-hundred day moving average price of $44.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.12 and a current ratio of 1.09. The firm has a market cap of $112.77 million, a price-to-earnings ratio of 15.84 and a beta of 0.11.

Sound Financial Bancorp (NASDAQ:SFBC) last released its earnings results on Tuesday, January 27th. The bank reported $0.87 earnings per share (EPS) for the quarter. The company had revenue of $9.53 million during the quarter. Sound Financial Bancorp had a return on equity of 6.70% and a net margin of 11.64%.

Institutional Investors Weigh In On Sound Financial Bancorp

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in Sound Financial Bancorp by 168.3% in the 4th quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock valued at $61,000 after acquiring an additional 870 shares during the period. Barclays PLC boosted its position in Sound Financial Bancorp by 8.7% during the fourth quarter. Barclays PLC now owns 4,402 shares of the bank’s stock worth $192,000 after purchasing an additional 354 shares during the period. Wells Fargo & Company MN boosted its position in Sound Financial Bancorp by 40.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,628 shares of the bank’s stock worth $115,000 after purchasing an additional 759 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Sound Financial Bancorp in the fourth quarter worth about $271,000. Finally, Graham Capital Wealth Management LLC raised its position in shares of Sound Financial Bancorp by 275.4% in the fourth quarter. Graham Capital Wealth Management LLC now owns 90,346 shares of the bank’s stock valued at $3,942,000 after purchasing an additional 66,280 shares during the period. Hedge funds and other institutional investors own 68.85% of the company’s stock.

About Sound Financial Bancorp

Sound Financial Bancorp, Inc is a bank holding company and the parent of Sound Community Bank, a community‐oriented financial institution headquartered in University Place, Washington. Through its subsidiary, the company delivers a broad array of banking and financial services to individuals, small businesses and commercial clients throughout the Puget Sound region. Emphasizing relationship banking, Sound Financial Bancorp seeks to support local economic development by offering personalized service and community engagement.

The company’s core offerings include deposit products such as checking and savings accounts, money market accounts and certificates of deposit, as well as a full spectrum of lending solutions.