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

Sound Financial Bancorp (NASDAQ:SFBC) announced its earnings results 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 Down 0.1%

Shares of NASDAQ:SFBC traded down $0.05 during mid-day trading on Tuesday, hitting $43.97. 3,286 shares of the company traded hands, compared to its average volume of 4,952. The stock has a 50-day moving average price of $44.06 and a two-hundred day moving average price of $45.37. Sound Financial Bancorp has a 12-month low of $42.75 and a 12-month high of $52.86. The stock has a market cap of $113.00 million, a P/E ratio of 16.66 and a beta of 0.10. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.34.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Sound Financial Bancorp in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Sound Financial Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Sound Financial Bancorp by 106.6% in the second 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 during the period. JPMorgan Chase & Co. purchased a new position in Sound Financial Bancorp in the 2nd quarter valued at approximately $47,000. New York State Common Retirement Fund bought a new stake in Sound Financial Bancorp during the 2nd quarter valued at $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Sound Financial Bancorp during the 2nd quarter valued at $54,000. Finally, Bank of America Corp DE lifted its position in shares of Sound Financial Bancorp by 4,863.2% during the second quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock worth $43,000 after acquiring an additional 924 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

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.