Sound Financial Bancorp (NASDAQ:SFBC) Issues Earnings Results

Sound Financial Bancorp (NASDAQ:SFBC) posted its quarterly earnings results on Tuesday. The bank reported $0.90 EPS for the quarter, FiscalAI reports. The company had revenue of $9.49 million during the quarter. Sound Financial Bancorp had a net margin of 12.89% and a return on equity of 7.31%.

Sound Financial Bancorp Trading Up 0.4%

NASDAQ SFBC traded up $0.20 during trading on Tuesday, hitting $45.00. The company had a trading volume of 1,102 shares, compared to its average volume of 8,450. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. Sound Financial Bancorp has a one year low of $40.68 and a one year high of $49.21. The company has a market cap of $115.65 million, a price-to-earnings ratio of 14.42 and a beta of 0.03. The company’s fifty day moving average is $46.06 and its 200-day moving average is $44.22.

Insider Activity at Sound Financial Bancorp

In other news, CEO Laura Stewart sold 900 shares of Sound Financial Bancorp stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $45.99, for a total transaction of $41,391.00. Following the sale, the chief executive officer owned 8,100 shares of the company’s stock, valued at approximately $372,519. The trade was a 10.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Sound Financial Bancorp

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Sound Financial Bancorp during the 2nd quarter worth approximately $1,616,000. Pacific Sage Partners LLC purchased a new position in shares of Sound Financial Bancorp in the 2nd quarter valued at approximately $1,560,000. Finally, Empowered Funds LLC purchased a new position in shares of Sound Financial Bancorp in the 2nd quarter valued at approximately $278,000. 68.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Sound Financial Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Sound Financial Bancorp

Sound Financial Bancorp, Inc is a bank holding company headquartered in Seattle, Washington. Through its principal subsidiary, Sound Community Bank, the company provides banking and financial services to individuals, families, businesses and nonprofit organizations in the Puget Sound region.

Sound Community Bank offers deposit products, including checking, savings, money market and certificate accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, consumer and small-business loans.