Sound Financial Bancorp (NASDAQ:SFBC) Issues Earnings Results

Sound Financial Bancorp (NASDAQ:SFBC) issued its quarterly earnings results on Tuesday. The bank reported $0.87 EPS for the quarter, Zacks reports. The company had revenue of $9.53 million during the quarter. Sound Financial Bancorp had a return on equity of 6.76% and a net margin of 11.64%.

Sound Financial Bancorp Price Performance

Shares of NASDAQ SFBC opened at $43.99 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $113.05 million, a price-to-earnings ratio of 16.66 and a beta of 0.10. The firm’s 50 day simple moving average is $44.04 and its 200-day simple moving average is $45.35. Sound Financial Bancorp has a 12 month low of $42.75 and a 12 month high of $52.86.

Sound Financial Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Monday, February 9th will be given a $0.21 dividend. The ex-dividend date is Monday, February 9th. This represents a $0.84 annualized dividend and a yield of 1.9%. This is a boost from Sound Financial Bancorp’s previous quarterly dividend of $0.19. Sound Financial Bancorp’s payout ratio is currently 28.79%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sound Financial Bancorp in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Institutional Trading of Sound Financial Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in Sound Financial Bancorp by 4,863.2% in the second quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock valued at $43,000 after buying an additional 924 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Sound Financial Bancorp in the 2nd quarter worth about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Sound Financial Bancorp during the second quarter worth approximately $54,000. New York State Common Retirement Fund acquired a new stake in Sound Financial Bancorp in the second quarter valued at approximately $101,000. Finally, Geode Capital Management LLC increased 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 buying an additional 26,059 shares in the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

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.