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

Sound Financial Bancorp (NASDAQ:SFBC) released its quarterly earnings data on Tuesday. The bank reported $0.87 EPS for the quarter, Zacks reports. Sound Financial Bancorp had a return on equity of 6.48% and a net margin of 10.97%.

Sound Financial Bancorp Stock Performance

NASDAQ:SFBC traded down $0.05 on Tuesday, hitting $43.97. The stock had a trading volume of 3,286 shares, compared to its average volume of 4,952. The business’s 50-day simple moving average is $44.06 and its two-hundred day simple moving average is $45.37. The stock has a market cap of $113.00 million, a price-to-earnings ratio of 16.66 and a beta of 0.10. Sound Financial Bancorp has a 52-week low of $42.75 and a 52-week high of $52.86. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.34.

Institutional Trading of Sound Financial Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of Sound Financial Bancorp by 3.2% during the 3rd quarter. Alliancebernstein L.P. now owns 92,003 shares of the bank’s stock valued at $4,238,000 after purchasing an additional 2,880 shares during the last quarter. Geode Capital Management LLC boosted its stake in Sound Financial Bancorp by 106.6% during the second quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock valued at $2,324,000 after buying an additional 26,059 shares during the last quarter. New York State Common Retirement Fund bought a new position in Sound Financial Bancorp during the second quarter valued at approximately $101,000. JPMorgan Chase & Co. grew its holdings in Sound Financial Bancorp by 64.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,667 shares of the bank’s stock valued at $77,000 after buying an additional 651 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Sound Financial Bancorp in the 2nd quarter worth approximately $54,000. 68.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Sound Financial Bancorp in a research note on Thursday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About Sound Financial Bancorp

Sound Financial Bancorp, Inc is a bank holding company and the parent of Sound Community Bank, a community‐oriented financial institution headquartered in University Place, Washington. Through its subsidiary, the company delivers a broad array of banking and financial services to individuals, small businesses and commercial clients throughout the Puget Sound region. Emphasizing relationship banking, Sound Financial Bancorp seeks to support local economic development by offering personalized service and community engagement.

The company’s core offerings include deposit products such as checking and savings accounts, money market accounts and certificates of deposit, as well as a full spectrum of lending solutions.