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

Wall Street Zen cut shares of Sound Financial Bancorp (NASDAQ:SFBC - Free Report) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Sound Financial Bancorp Trading Down 0.4%

Shares of NASDAQ SFBC traded down $0.19 during midday trading on Friday, reaching $46.83. 3,543 shares of the stock were exchanged, compared to its average volume of 5,440. The stock has a 50 day moving average price of $49.13 and a 200-day moving average price of $50.74. 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 company has a market capitalization of $120.35 million, a P/E ratio of 24.02 and a beta of 0.21. Sound Financial Bancorp has a 52-week low of $42.16 and a 52-week high of $55.99.

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

Sound Financial Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Friday, May 9th. Sound Financial Bancorp's payout ratio is 38.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Operose Advisors LLC acquired a new stake in shares of Sound Financial Bancorp in the first quarter worth approximately $25,000. Virtu Financial LLC purchased a new stake in shares of Sound Financial Bancorp during the 4th quarter valued at $235,000. FNY Investment Advisers LLC grew its stake 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 buying an additional 763 shares during the period. Northern Trust Corp increased its holdings 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 worth $376,000 after buying an additional 2,193 shares during the last quarter. Finally, Arcus Capital Partners LLC purchased a new position in shares of Sound Financial Bancorp in the 1st quarter worth $558,000. 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.