Sound Financial Bancorp (NASDAQ:SFBC) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Sound Financial Bancorp, Inc. (NASDAQ:SFBC)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.25 and traded as low as $43.62. Sound Financial Bancorp shares last traded at $44.33, with a volume of 6,017 shares.

Wall Street Analyst Weigh In

SFBC has been the topic of several recent analyst reports. Wall Street Zen raised shares of Sound Financial Bancorp to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Sound Financial Bancorp in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sound Financial Bancorp Trading Up 2.3%

The company has a 50 day moving average of $43.30 and a 200 day moving average of $44.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $113.93 million, a price-to-earnings ratio of 16.00 and a beta of 0.11.

Sound Financial Bancorp (NASDAQ:SFBC) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.87 earnings per share for the quarter. Sound Financial Bancorp had a return on equity of 6.70% and a net margin of 11.64%.The company had revenue of $9.53 million for the quarter.

Sound Financial Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Monday, February 9th were paid a $0.21 dividend. This is an increase from Sound Financial Bancorp’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, February 9th. Sound Financial Bancorp’s payout ratio is 30.32%.

Institutional Trading of Sound Financial Bancorp

Several large investors have recently bought and sold shares of SFBC. Graham Capital Wealth Management LLC boosted its holdings in shares of Sound Financial Bancorp by 275.4% during the 4th quarter. Graham Capital Wealth Management LLC now owns 90,346 shares of the bank’s stock worth $3,942,000 after purchasing an additional 66,280 shares during the last quarter. Kennedy Capital Management LLC grew its position in shares of Sound Financial Bancorp by 499.5% in the second quarter. Kennedy Capital Management LLC now owns 52,365 shares of the bank’s stock valued at $2,409,000 after purchasing an additional 43,630 shares in the last quarter. Pacific Sage Partners LLC increased its holdings in shares of Sound Financial Bancorp by 573.8% in the fourth quarter. Pacific Sage Partners LLC now owns 36,192 shares of the bank’s stock valued at $1,579,000 after purchasing an additional 30,821 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 purchasing an additional 26,059 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Sound Financial Bancorp during the fourth quarter worth approximately $271,000. 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.