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

Sound Financial Bancorp, Inc. (NASDAQ:SFBC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.57 and traded as high as $47.24. Sound Financial Bancorp shares last traded at $46.58, with a volume of 4,809 shares.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Sound Financial Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sound Financial Bancorp has an average rating of “Hold”.

Sound Financial Bancorp Trading Down 0.7%

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.09. The business has a 50 day moving average of $44.76 and a 200 day moving average of $43.59. The firm has a market capitalization of $118.77 million and a price-to-earnings ratio of 14.82.

Sound Financial Bancorp (NASDAQ:SFBC) last released its earnings results on Tuesday, July 28th. The bank reported $0.98 earnings per share for the quarter. Sound Financial Bancorp had a return on equity of 7.31% and a net margin of 12.89%.The firm had revenue of $11.02 million for the quarter.

Sound Financial Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. Sound Financial Bancorp’s dividend payout ratio is 26.92%.

Insider Buying and Selling at Sound Financial Bancorp

In related 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 value of $38,340.00. Following the sale, the chief executive officer directly owned 9,000 shares in the company, valued at $383,400. This trade represents a 9.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sound Financial Bancorp

Several large investors have recently bought and sold shares of the company. Barclays PLC raised its holdings in Sound Financial Bancorp by 8.7% in the fourth quarter. Barclays PLC now owns 4,402 shares of the bank’s stock worth $192,000 after purchasing an additional 354 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Sound Financial Bancorp by 64.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,667 shares of the bank’s stock valued at $77,000 after buying an additional 651 shares during the period. Wells Fargo & Company MN increased its position 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 buying an additional 759 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Sound Financial Bancorp by 168.3% in the 4th quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock valued at $61,000 after buying an additional 870 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Sound Financial Bancorp by 4,863.2% during the 2nd 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. Institutional investors own 68.85% of the company’s stock.

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.