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 research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Sound Financial Bancorp Stock Performance

Shares of SFBC traded down $0.42 during trading hours on Friday, hitting $47.61. The company's stock had a trading volume of 336 shares, compared to its average volume of 6,186. The company has a market cap of $122.15 million, a price-to-earnings ratio of 24.41 and a beta of 0.21. 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 business has a 50 day simple moving average of $47.82 and a two-hundred day simple moving average of $49.98. Sound Financial Bancorp has a 52-week low of $42.65 and a 52-week high of $55.99.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last issued its quarterly earnings data 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 net margin of 8.12% and a return on equity of 4.89%.

Hedge Funds Weigh In On Sound Financial Bancorp

Several hedge funds have recently bought and sold shares of SFBC. Arcus Capital Partners LLC purchased a new position in Sound Financial Bancorp during the first quarter valued at approximately $558,000. Virtu Financial LLC purchased a new position in Sound Financial Bancorp during the fourth quarter valued at approximately $235,000. Northern Trust Corp grew its stake in Sound Financial Bancorp by 44.3% during the fourth 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 in the last quarter. Alliancebernstein L.P. lifted its position in Sound Financial Bancorp by 1.3% during the fourth quarter. Alliancebernstein L.P. now owns 150,215 shares of the bank's stock valued at $7,909,000 after purchasing an additional 1,863 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its position in Sound Financial Bancorp by 13.8% during the first quarter. FNY Investment Advisers LLC now owns 6,293 shares of the bank's stock valued at $315,000 after purchasing an additional 763 shares during 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.