Sound Financial Bancorp (NASDAQ:SFBC) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Sound Financial Bancorp, Inc. (NASDAQ:SFBC) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.50 and traded as low as $41.60. Sound Financial Bancorp shares last traded at $42.05, with a volume of 5,124 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SFBC shares. 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 Sound Financial Bancorp to a “hold” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Sound Financial Bancorp presently has an average rating of “Hold”.

Sound Financial Bancorp Price Performance

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 has a 50-day simple moving average of $42.94 and a two-hundred day simple moving average of $43.50. The stock has a market capitalization of $107.90 million, a price-to-earnings ratio of 14.35 and a beta of 0.01.

Sound Financial Bancorp (NASDAQ:SFBC) last issued 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 firm had revenue of $9.96 million for the quarter.

Sound Financial Bancorp Dividend Announcement

The business also recently announced 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 of this dividend was Monday, May 11th. This represents a $0.84 annualized dividend and a yield of 2.0%. Sound Financial Bancorp’s dividend payout ratio (DPR) is currently 28.67%.

Institutional Investors Weigh In On Sound Financial Bancorp

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in 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 buying an additional 924 shares during the period. JPMorgan Chase & Co. acquired a new stake in Sound Financial Bancorp in the second quarter worth $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Sound Financial Bancorp in the second quarter worth $54,000. Russell Investments Group Ltd. grew its stake 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, New York State Common Retirement Fund bought a new position in shares of Sound Financial Bancorp in the second quarter worth $101,000. 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.