Sound Financial Bancorp (NASDAQ:SFBC) Announces Earnings Results

Sound Financial Bancorp (NASDAQ:SFBC) posted its quarterly earnings data 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

Shares of SFBC traded down $0.79 during trading hours on Tuesday, reaching $44.32. 5,652 shares of the stock traded hands, compared to its average volume of 8,577. The company has a market cap of $113.73 million, a P/E ratio of 15.13 and a beta of 0.01. 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’s 50-day moving average price is $43.55 and its two-hundred day moving average price is $43.35. Sound Financial Bancorp has a 52-week low of $40.68 and a 52-week high of $48.85.

Insider Transactions at Sound Financial Bancorp

In other Sound Financial Bancorp news, CEO Laura Lee Stewart sold 900 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $42.60, for a total transaction of $38,340.00. Following the sale, the chief executive officer directly owned 9,000 shares of the company’s stock, valued at $383,400. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Sound Financial Bancorp

Large investors have recently made changes to their positions in the business. Bank of America Corp DE grew 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 purchasing an additional 924 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Sound Financial Bancorp in the 2nd quarter worth approximately $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Sound Financial Bancorp in the 2nd quarter worth approximately $54,000. Russell Investments Group Ltd. boosted its stake in Sound Financial Bancorp by 168.3% in the 4th quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock worth $61,000 after purchasing an additional 870 shares during the period. Finally, New York State Common Retirement Fund bought a new position in Sound Financial Bancorp in the 2nd quarter worth approximately $101,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.