Sound Financial Bancorp (NASDAQ:SFBC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

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.

Analyst Ratings Changes

SFBC has been the topic of several research analyst reports. 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. Wall Street Zen upgraded shares of Sound Financial Bancorp to a “hold” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Sound Financial Bancorp Stock Down 0.9%

The business’s fifty day simple moving average is $43.19 and its 200 day simple moving average is $43.28. 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 stock has a market cap of $120.29 million, a price-to-earnings ratio of 16.00 and a beta of 0.01.

Sound Financial Bancorp (NASDAQ:SFBC) last posted its earnings results on Tuesday, April 28th. The bank reported $0.61 earnings per share (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 company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were issued a $0.21 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.84 annualized dividend and a yield of 1.8%. Sound Financial Bancorp’s dividend payout ratio (DPR) is 28.67%.

Insider Buying and Selling at Sound Financial Bancorp

In other news, CEO Laura Lee Stewart sold 900 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $42.60, for a total value of $38,340.00. Following the completion of the transaction, the chief executive officer owned 9,000 shares of the company’s stock, valued at $383,400. The trade was a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Graham Capital Wealth Management LLC raised its position in shares of Sound Financial Bancorp by 275.4% during the fourth 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. Pacific Sage Partners LLC boosted its stake in Sound Financial Bancorp by 573.8% in the 4th quarter. Pacific Sage Partners LLC now owns 36,192 shares of the bank’s stock worth $1,579,000 after purchasing an additional 30,821 shares during the period. Barclays PLC increased its holdings 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 purchasing an additional 354 shares in the last quarter. Wells Fargo & Company MN raised 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 during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Sound Financial Bancorp in the 4th quarter valued at about $271,000. 68.85% of the stock is owned by institutional investors and hedge funds.

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.