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

Key Points

• Sound Financial Bancorp has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a more favorable outlook from analysts.
• The company's stock is currently valued at $45.75 with a market cap of $117.58 million, and it has reported $0.79 earnings per share for its latest quarter.
• Institutional investors collectively own 68.85% of Sound Financial Bancorp, reflecting significant interest from the investment community.

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

Sound Financial Bancorp Stock Down 0.7%

NASDAQ SFBC opened at $45.75 on Friday. Sound Financial Bancorp has a 52 week low of $43.00 and a 52 week 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. The business's fifty day simple moving average is $47.48 and its 200-day simple moving average is $49.81. The firm has a market cap of $117.58 million, a PE ratio of 18.83 and a beta of 0.16.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The bank reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $10.38 million during the quarter. Sound Financial Bancorp had a return on equity of 6.08% and a net margin of 10.02%.

Hedge Funds Weigh In On Sound Financial Bancorp

Several institutional investors have recently bought and sold shares of SFBC. Arcus Capital Partners LLC acquired a new position in shares of Sound Financial Bancorp during the first quarter worth about $558,000. FNY Investment Advisers LLC lifted its stake in Sound Financial Bancorp by 52.6% in the second quarter. FNY Investment Advisers LLC now owns 9,600 shares of the bank's stock valued at $441,000 after buying an additional 3,307 shares during the last quarter. Northern Trust Corp lifted its stake in Sound Financial Bancorp by 44.3% in the fourth quarter. Northern Trust Corp now owns 7,141 shares of the bank's stock valued at $376,000 after buying an additional 2,193 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Sound Financial Bancorp by 1.3% in the fourth quarter. Alliancebernstein L.P. now owns 150,215 shares of the bank's stock valued at $7,909,000 after buying an additional 1,863 shares during the last quarter. Finally, Operose Advisors LLC purchased a new stake in Sound Financial Bancorp in the first quarter valued at approximately $25,000. 68.85% of the stock is owned by institutional investors and hedge funds.

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.

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