Sound Financial Bancorp (NASDAQ:SFBC) Issues Earnings Results

Sound Financial Bancorp (NASDAQ:SFBC) released its quarterly earnings results on Tuesday. The bank reported $0.61 EPS for the quarter, FiscalAI reports. Sound Financial Bancorp had a return on equity of 6.70% and a net margin of 11.64%.The company had revenue of $9.96 million for the quarter.

Sound Financial Bancorp Stock Down 0.3%

SFBC traded down $0.13 on Thursday, hitting $41.02. 3,184 shares of the company were exchanged, compared to its average volume of 6,966. Sound Financial Bancorp has a twelve month low of $40.68 and a twelve month high of $51.70. The company has a market cap of $105.33 million, a price-to-earnings ratio of 14.86 and a beta of 0.05. 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 firm has a 50-day moving average price of $43.04 and a two-hundred day moving average price of $43.86.

Sound Financial Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 11th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, May 11th. Sound Financial Bancorp’s payout ratio is presently 28.67%.

Analyst Upgrades and Downgrades

SFBC has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Sound Financial Bancorp in a research note on Thursday, January 22nd. Wall Street Zen upgraded Sound Financial Bancorp to a “hold” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake 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 purchasing an additional 924 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Sound Financial Bancorp in the second quarter valued at $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Sound Financial Bancorp in the second quarter valued at $54,000. Russell Investments Group Ltd. raised its stake in Sound Financial Bancorp by 168.3% in the fourth quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock valued at $61,000 after buying an additional 870 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Sound Financial Bancorp in the second quarter valued at $101,000. 68.85% of the stock is owned by institutional investors and hedge funds.

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.