Sound Financial Bancorp (NASDAQ:SFBC) Releases Quarterly Earnings Results

Key Points

• Sound Financial Bancorp reported $0.79 earnings per share for the quarter, with a net margin of 8.12% and a return on equity of 4.89%.
• The company's stock price fell to $47.09 with a market cap of $120.83 million, and it experienced trading volume lower than its average.
• Wall Street analysts downgraded Sound Financial Bancorp's rating from "hold" to "sell", indicating a negative outlook for the shares.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) posted its earnings results on Tuesday. The bank reported $0.79 earnings per share for the quarter, Zacks reports. Sound Financial Bancorp had a net margin of 8.12% and a return on equity of 4.89%.

Sound Financial Bancorp Price Performance

NASDAQ:SFBC traded down $0.93 during mid-day trading on Tuesday, hitting $47.09. 3,613 shares of the stock traded hands, compared to its average volume of 6,210. The business's 50-day moving average price is $47.82 and its 200 day moving average price is $49.98. The company has a market cap of $120.83 million, a PE ratio of 24.15 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 company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.35.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Sound Financial Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday.

About Sound Financial Bancorp

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.

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