Sound Financial Bancorp (NASDAQ:SFBC) Rating Lowered to Sell at Wall Street Zen

Key Points

• Sound Financial Bancorp has been downgraded from a "hold" rating to a "sell" rating by analysts at Wall Street Zen, indicating a bearish outlook on the stock.
• Despite the downgrade, shares of Sound Financial Bancorp rose by 3.5% on the previous trading day, opening at $47.70.
• Institutional investors hold a significant stake in Sound Financial Bancorp, owning 68.85% of the company's stock, with various hedge funds making notable changes to their positions recently.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Sound Financial Bancorp Stock Up 0.9%

Sound Financial Bancorp stock traded up $0.43 during midday trading on Friday, hitting $48.13. The stock had a trading volume of 2,523 shares, compared to its average volume of 6,215. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market cap of $123.68 million, a P/E ratio of 24.68 and a beta of 0.21. Sound Financial Bancorp has a 12 month low of $42.65 and a 12 month high of $55.99. The business has a fifty day moving average price of $47.87 and a 200 day moving average price of $50.02.

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

Institutional Investors Weigh In On Sound Financial Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in shares of Sound Financial Bancorp by 1.3% during the 4th quarter. Alliancebernstein L.P. now owns 150,215 shares of the bank's stock valued at $7,909,000 after acquiring an additional 1,863 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sound Financial Bancorp by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,016 shares of the bank's stock valued at $949,000 after acquiring an additional 435 shares during the last quarter. Arcus Capital Partners LLC acquired a new stake in shares of Sound Financial Bancorp during the 1st quarter valued at $558,000. Northern Trust Corp lifted its position in shares of Sound Financial Bancorp by 44.3% during the 4th quarter. Northern Trust Corp now owns 7,141 shares of the bank's stock valued at $376,000 after acquiring an additional 2,193 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its position in shares of Sound Financial Bancorp by 13.8% during the 1st quarter. FNY Investment Advisers LLC now owns 6,293 shares of the bank's stock valued at $315,000 after acquiring an additional 763 shares during the last quarter. Institutional investors and hedge funds 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.