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

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 research report issued to clients and investors on Friday.

Sound Financial Bancorp Trading Up 1.6%

Sound Financial Bancorp stock traded up $0.72 during midday trading on Friday, hitting $45.05. 7,385 shares of the stock were exchanged, compared to its average volume of 5,644. The company has a fifty day simple moving average of $48.34 and a two-hundred day simple moving average of $50.28. Sound Financial Bancorp has a 52 week low of $42.65 and a 52 week high of $55.99. The stock has a market capitalization of $115.78 million, a PE ratio of 23.10 and a beta of 0.21. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.35.

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

Hedge Funds Weigh In On Sound Financial Bancorp

A number of institutional investors have recently added to or reduced their stakes in SFBC. Operose Advisors LLC bought a new position in Sound Financial Bancorp during the first quarter worth $25,000. Virtu Financial LLC bought a new position in Sound Financial Bancorp during the fourth quarter worth $235,000. FNY Investment Advisers LLC boosted 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 worth $315,000 after purchasing an additional 763 shares during the period. Northern Trust Corp boosted its position in Sound Financial Bancorp by 44.3% during the fourth quarter. Northern Trust Corp now owns 7,141 shares of the bank's stock worth $376,000 after purchasing an additional 2,193 shares during the period. Finally, Arcus Capital Partners LLC bought a new position in Sound Financial Bancorp during the first quarter worth $558,000. 68.85% of the stock is currently 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.