Sound Financial Bancorp (NASDAQ:SFBC) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.50 and traded as low as $41.60. Sound Financial Bancorp shares last traded at $42.05, with a volume of 5,124 shares.

Analyst Ratings Changes

SFBC has been the subject of a number of analyst reports. Weiss Ratings upgraded Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Sound Financial Bancorp to a “hold” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Sound Financial Bancorp Stock Performance

The company has a market capitalization of $107.90 million, a PE ratio of 14.35 and a beta of 0.01. 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 company has a 50 day moving average price of $42.94 and a 200 day moving average price of $43.50.

Sound Financial Bancorp (NASDAQ:SFBC) last released its earnings results on Tuesday, April 28th. The bank reported $0.61 EPS for the quarter. The company had revenue of $9.96 million during the quarter. Sound Financial Bancorp had a return on equity of 6.99% and a net margin of 12.19%.

Sound Financial Bancorp Announces Dividend

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

Hedge Funds Weigh In On Sound Financial Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its stake in shares of Sound Financial Bancorp by 168.3% during the 4th 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 during the last quarter. Barclays PLC raised its position in shares of Sound Financial Bancorp by 8.7% during the 4th quarter. Barclays PLC now owns 4,402 shares of the bank’s stock valued at $192,000 after acquiring an additional 354 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Sound Financial Bancorp by 40.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,628 shares of the bank’s stock valued at $115,000 after acquiring an additional 759 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Sound Financial Bancorp during the 4th quarter valued at approximately $271,000. Finally, Graham Capital Wealth Management LLC raised its position 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 valued at $3,942,000 after acquiring an additional 66,280 shares in the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

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.