Sound Financial Bancorp (NASDAQ:SFBC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Sound Financial Bancorp, Inc. (NASDAQ:SFBC)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $43.21 and traded as high as $43.97. Sound Financial Bancorp shares last traded at $43.70, with a volume of 9,946 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen raised Sound Financial Bancorp to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings raised shares of Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sound Financial Bancorp has a consensus rating of “Hold”.

Sound Financial Bancorp Stock Performance

The stock has a fifty day simple moving average of $42.58 and a 200-day simple moving average of $43.21. The stock has a market cap of $112.31 million, a P/E ratio of 14.91 and a beta of 0.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 1.09.

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

Sound Financial Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, May 11th. Sound Financial Bancorp’s dividend payout ratio (DPR) is currently 28.67%.

Institutional Investors Weigh In On Sound Financial Bancorp

Several institutional investors have recently bought and sold shares of SFBC. Barclays PLC boosted its position in Sound Financial Bancorp by 8.7% during the 4th quarter. Barclays PLC now owns 4,402 shares of the bank’s stock worth $192,000 after acquiring an additional 354 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 651 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Sound Financial Bancorp by 40.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,628 shares of the bank’s stock valued at $115,000 after purchasing an additional 759 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Sound Financial Bancorp by 168.3% in the fourth quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock worth $61,000 after purchasing an additional 870 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of 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 worth $43,000 after purchasing an additional 924 shares in the last quarter. 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.