Western Standard LLC Grows Position in Sound Financial Bancorp, Inc. (SFBC)
Western Standard LLC increased its stake in shares of Sound Financial Bancorp, Inc. (NASDAQ:SFBC) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,560 shares of the bank’s stock after acquiring an additional 400 shares during the quarter. Western Standard LLC owned approximately 0.50% of Sound Financial Bancorp worth $383,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of SFBC. M3F Inc. boosted its stake in Sound Financial Bancorp by 2.0% during the second quarter. M3F Inc. now owns 93,804 shares of the bank’s stock worth $2,860,000 after acquiring an additional 1,831 shares in the last quarter. Kennedy Capital Management Inc. bought a new stake in Sound Financial Bancorp in the second quarter valued at $734,000. Finally, Vanguard Group Inc. bought a new stake in Sound Financial Bancorp in the second quarter valued at $287,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sound Financial Bancorp, Inc. (NASDAQ SFBC) remained flat at $33.35 during trading on Wednesday. 2,552 shares of the stock traded hands. The company has a market capitalization of $80.77 million, a price-to-earnings ratio of 15.10 and a beta of 0.52. The firm has a 50 day moving average of $32.78 and a 200 day moving average of $31.00. Sound Financial Bancorp, Inc. has a 52 week low of $23.81 and a 52 week high of $34.60.
Sound Financial Bancorp (NASDAQ:SFBC) last released its quarterly earnings results on Thursday, July 27th. The bank reported $0.50 earnings per share for the quarter. The business had revenue of $6.74 million for the quarter. Sound Financial Bancorp had a net margin of 18.57% and a return on equity of 9.44%.
Sound Financial Bancorp Profile
Sound Financial Bancorp, Inc operates as the holding company for Sound Community Bank that provides traditional banking and other financial services for individuals and businesses. It accepts various deposits products comprising savings accounts, money market deposit accounts, NOW accounts, demand accounts, certificates of deposit, and checking accounts.
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