SFBC: AllianceBernstein's 3.5% Stake of 89,123 Shares
Rhea-AI Filing Summary
AllianceBernstein L.P. reported a beneficial holding in Sound Financial Bancorp Inc. The filing shows 89,123 shares held in client discretionary investment advisory accounts, representing 3.5% of the class. AllianceBernstein states it has sole voting and sole dispositive power over these shares and that they were acquired solely for investment purposes. Item 5 of the filing notes ownership of 5 percent or less of the class. The filing also classifies the filer as an investment adviser (IA) and includes a certification that the position is not held to change or influence control of the issuer.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine 13G disclosure showing a modest, non-control stake of 3.5% held in discretionary client accounts.
The filing documents a 89,123-share position equal to 3.5% of Sound Financial's outstanding common stock, with sole voting and dispositive authority claimed by AllianceBernstein L.P. As an investment adviser, AllianceBernstein reports the position was acquired for investment purposes and not to influence control. This is a standard regulatory disclosure of ownership rather than an indication of activist intent or corporate control.
TL;DR: Disclosure confirms passive, advisory-held exposure below the 5% threshold; limited governance implications.
The statement identifies AllianceBernstein as an IA and confirms the shares are held in discretionary advisory accounts, with claimed sole voting and dispositive powers over 89,123 shares. Item 5 explicitly indicates ownership of 5 percent or less, and the filer certifies the stake is not for changing control. From a governance standpoint, this level of ownership typically yields limited influence absent further accumulation or coordination with other holders.