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

Sound Financial Bancorp (NASDAQ:SFBC) issued its quarterly earnings results on Tuesday. The bank reported $0.98 EPS for the quarter, Zacks reports. Sound Financial Bancorp had a return on equity of 6.99% and a net margin of 12.19%.

Sound Financial Bancorp Price Performance

SFBC traded down $0.79 during trading on Tuesday, reaching $44.32. The stock had a trading volume of 5,652 shares, compared to its average volume of 8,577. The firm has a market capitalization of $113.73 million, a price-to-earnings ratio of 15.13 and a beta of 0.01. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. Sound Financial Bancorp has a 1-year low of $40.68 and a 1-year high of $48.85. The stock has a 50 day moving average of $43.55 and a two-hundred day moving average of $43.35.

Insider Activity at Sound Financial Bancorp

In other news, CEO Laura Lee Stewart sold 900 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $42.60, for a total value of $38,340.00. Following the sale, the chief executive officer owned 9,000 shares of the company’s stock, valued at approximately $383,400. The trade was a 9.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barclays PLC raised its position in Sound Financial Bancorp by 8.7% in the fourth quarter. Barclays PLC now owns 4,402 shares of the bank’s stock worth $192,000 after acquiring an additional 354 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Sound Financial Bancorp by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 92,003 shares of the bank’s stock valued at $4,238,000 after acquiring an additional 2,880 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Sound Financial Bancorp by 106.6% during the 2nd quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock valued at $2,324,000 after purchasing an additional 26,059 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Sound Financial Bancorp during the 4th quarter valued at about $271,000. Finally, Wells Fargo & Company MN boosted its position in shares of Sound Financial Bancorp by 40.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,628 shares of the bank’s stock valued at $115,000 after purchasing an additional 759 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Sound Financial Bancorp Company Profile

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.