Sound Financial Bancorp (NASDAQ:SFBC) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Sound Financial Bancorp, Inc. (NASDAQ:SFBC)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $43.38 and traded as low as $41.31. Sound Financial Bancorp shares last traded at $41.32, with a volume of 11,198 shares trading hands.

Wall Street Analysts Forecast Growth

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

Sound Financial Bancorp Price Performance

The stock has a market capitalization of $106.19 million, a P/E ratio of 14.10 and a beta of 0.02. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $42.87 and a two-hundred day simple moving average of $43.38.

Sound Financial Bancorp (NASDAQ:SFBC) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $0.61 earnings per share for the quarter. The firm 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 Dividend Announcement

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

Hedge Funds Weigh In On Sound Financial Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of Sound Financial Bancorp by 4,863.2% in the 2nd quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock valued at $43,000 after purchasing an additional 924 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Sound Financial Bancorp during the 2nd quarter worth approximately $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Sound Financial Bancorp during the 2nd quarter worth approximately $54,000. Russell Investments Group Ltd. raised 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 worth $61,000 after purchasing an additional 870 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new stake in shares of Sound Financial Bancorp during the 2nd quarter worth approximately $101,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

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.