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

Wall Street Zen upgraded shares of Sound Financial Bancorp (NASDAQ:SFBC) to a hold rating in a research note published on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Sound Financial Bancorp in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sound Financial Bancorp currently has an average rating of “Hold”.

Sound Financial Bancorp Stock Performance

Shares of SFBC stock opened at $44.99 on Friday. The company’s fifty day simple moving average is $43.27 and its 200-day simple moving average is $44.35. Sound Financial Bancorp has a 52 week low of $40.68 and a 52 week high of $51.99. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16. The company has a market cap of $115.62 million, a PE ratio of 16.24 and a beta of 0.11.

Sound Financial Bancorp (NASDAQ:SFBC) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $0.87 earnings per share for the quarter. Sound Financial Bancorp had a net margin of 11.64% and a return on equity of 6.70%. The firm had revenue of $9.53 million during the quarter.

Sound Financial Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Monday, February 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. This is a positive change from Sound Financial Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, February 9th. Sound Financial Bancorp’s payout ratio is 30.32%.

Institutional Trading of Sound Financial Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of SFBC. Bank of America Corp DE lifted its holdings in Sound Financial Bancorp by 4,863.2% during the 2nd quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock worth $43,000 after buying an additional 924 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Sound Financial Bancorp in the 2nd quarter valued at approximately $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Sound Financial Bancorp during the 2nd quarter valued at approximately $54,000. Russell Investments Group Ltd. raised its position in shares of Sound Financial Bancorp by 168.3% during the 4th quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock valued at $61,000 after acquiring an additional 870 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in Sound Financial Bancorp during the second quarter worth $101,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

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.