Sound Financial Bancorp (NASDAQ:SFBC) Share Price Passes Above 50-Day Moving Average – Here’s Why

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $42.59 and traded as high as $44.34. Sound Financial Bancorp shares last traded at $44.32, with a volume of 1,271 shares.

Wall Street Analysts Forecast Growth

SFBC has been the topic of a number of analyst reports. Weiss Ratings raised Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Sound Financial Bancorp to a “hold” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Sound Financial Bancorp Stock Down 0.8%

The firm has a market cap of $113.90 million, a price-to-earnings ratio of 15.13 and a beta of 0.01. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average price of $42.59 and a 200-day moving average price of $43.18.

Sound Financial Bancorp (NASDAQ:SFBC) last released its earnings results on Tuesday, April 28th. The bank reported $0.61 earnings per share for the quarter. The firm 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 business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.84 annualized dividend and a yield of 1.9%. Sound Financial Bancorp’s dividend payout ratio is 28.67%.

Insiders Place Their Bets

In other Sound Financial Bancorp news, CEO Laura Lee Stewart sold 900 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $42.60, for a total transaction of $38,340.00. Following the transaction, the chief executive officer owned 9,000 shares of the company’s stock, valued at $383,400. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SFBC. Russell Investments Group Ltd. grew its position in Sound Financial Bancorp by 168.3% during the fourth quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock valued at $61,000 after acquiring an additional 870 shares during the period. Barclays PLC lifted its stake in shares of Sound Financial Bancorp by 8.7% in the 4th quarter. Barclays PLC now owns 4,402 shares of the bank’s stock valued at $192,000 after purchasing an additional 354 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Sound Financial Bancorp by 40.6% in the 4th 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 in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Sound Financial Bancorp during the 4th quarter worth about $271,000. Finally, Graham Capital Wealth Management LLC grew 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 period. 68.85% of the stock is owned by hedge funds and other institutional investors.

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.