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

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

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sound Financial Bancorp in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Sound Financial Bancorp Trading Up 4.0%

NASDAQ:SFBC opened at $43.88 on Friday. Sound Financial Bancorp has a 1 year low of $40.68 and a 1 year high of $51.99. The stock’s fifty day moving average price is $43.25 and its two-hundred day moving average price is $44.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.12. The company has a market cap of $112.77 million, a P/E ratio of 15.84 and a beta of 0.11.

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

Institutional Investors Weigh In On Sound Financial Bancorp

Several institutional investors have recently bought and sold shares of SFBC. Graham Capital Wealth Management LLC increased its stake in Sound Financial Bancorp by 275.4% in the 4th quarter. Graham Capital Wealth Management LLC now owns 90,346 shares of the bank’s stock worth $3,942,000 after purchasing an additional 66,280 shares during the period. Kennedy Capital Management LLC increased its stake in shares of Sound Financial Bancorp by 499.5% in 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. Pacific Sage Partners LLC raised its holdings in Sound Financial Bancorp by 573.8% during the 4th quarter. Pacific Sage Partners LLC now owns 36,192 shares of the bank’s stock valued at $1,579,000 after buying an additional 30,821 shares during the last quarter. Geode Capital Management LLC boosted its position in Sound Financial Bancorp by 106.6% during the 2nd quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock valued at $2,324,000 after buying an additional 26,059 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Sound Financial Bancorp during the 4th quarter valued at $271,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Sound Financial Bancorp Company Profile

Sound Financial Bancorp, Inc 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.