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

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.28 and traded as high as $48.07. Sound Financial Bancorp shares last traded at $46.88, with a volume of 6,858 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Sound Financial Bancorp to a “hold” rating in a research report on Saturday, March 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Sound Financial Bancorp Trading Down 0.9%

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50 day moving average is $43.19 and its two-hundred day moving average is $43.28. The firm has a market cap of $120.48 million, a P/E ratio of 16.00 and a beta of 0.01.

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. Sound Financial Bancorp had a return on equity of 6.99% and a net margin of 12.19%.The business had revenue of $9.96 million for the quarter.

Sound Financial Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were given a $0.21 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. Sound Financial Bancorp’s dividend payout ratio (DPR) is currently 28.67%.

Insider Buying and Selling at Sound Financial Bancorp

In other news, CEO Laura Lee Stewart sold 900 shares of Sound Financial Bancorp stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $42.60, for a total transaction of $38,340.00. Following the sale, the chief executive officer owned 9,000 shares of the company’s stock, valued at approximately $383,400. This trade represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Sound Financial Bancorp by 4,863.2% during the second quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock worth $43,000 after buying an additional 924 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Sound Financial Bancorp in the 2nd quarter valued at $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Sound Financial Bancorp in the 2nd quarter valued at $54,000. Russell Investments Group Ltd. lifted its holdings 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 worth $61,000 after acquiring an additional 870 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of Sound Financial Bancorp during the 2nd quarter worth about $101,000. 68.85% of the stock is owned by 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.