Sound Financial Bancorp (NASDAQ:SFBC) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $45.53 and traded as low as $43.75. Sound Financial Bancorp shares last traded at $43.79, with a volume of 10,784 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Sound Financial Bancorp in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Sound Financial Bancorp Stock Down 0.1%

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50 day simple moving average of $44.19 and a 200-day simple moving average of $45.53. The firm has a market capitalization of $112.54 million, a price-to-earnings ratio of 16.59 and a beta of 0.10.

Sound Financial Bancorp (NASDAQ:SFBC) last announced its quarterly earnings results on Tuesday, October 28th. The bank reported $0.66 earnings per share for the quarter. Sound Financial Bancorp had a net margin of 10.97% and a return on equity of 6.48%. The firm had revenue of $9.82 million for the quarter.

Sound Financial Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.76 annualized dividend and a dividend yield of 1.7%. Sound Financial Bancorp’s dividend payout ratio is 28.79%.

Institutional Trading of Sound Financial Bancorp

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Sound Financial Bancorp by 64.1% in the third quarter. JPMorgan Chase & Co. now owns 1,667 shares of the bank’s stock valued at $77,000 after acquiring an additional 651 shares during the last quarter. Alliancebernstein L.P. raised its position in Sound Financial Bancorp by 3.2% in the third quarter. Alliancebernstein L.P. now owns 92,003 shares of the bank’s stock valued at $4,238,000 after purchasing an additional 2,880 shares during the period. Graham Capital Wealth Management LLC lifted its stake in shares of Sound Financial Bancorp by 357.6% in the 3rd quarter. Graham Capital Wealth Management LLC now owns 24,066 shares of the bank’s stock valued at $1,108,000 after purchasing an additional 18,807 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Sound Financial Bancorp during the 2nd quarter worth about $54,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

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.