Sound Financial Bancorp (NASDAQ:SFBC) Share Price Breaks Below 200-Day Moving Average – Time to Sell?

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 $44.56 and traded as low as $44.50. Sound Financial Bancorp shares last traded at $43.4660, with a volume of 1,189 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Sound Financial Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Sound Financial Bancorp presently has an average rating of “Buy”.

Sound Financial Bancorp Stock Performance

The stock has a market capitalization of $116.65 million, a P/E ratio of 14.52 and a beta of 0.03. The stock’s 50-day simple moving average is $46.11 and its 200 day simple moving average is $44.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08.

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

Sound Financial Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.21 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Sound Financial Bancorp’s dividend payout ratio is 26.92%.

Insiders Place Their Bets

In other Sound Financial Bancorp news, CEO Laura Stewart sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $45.99, for a total transaction of $41,391.00. Following the completion of the sale, the chief executive officer directly owned 8,100 shares in the company, valued at $372,519. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 Investors Weigh In On Sound Financial Bancorp

A number of institutional investors have recently made changes to their positions in SFBC. Empowered Funds LLC bought a new position in shares of Sound Financial Bancorp during the second quarter worth approximately $278,000. Pacific Sage Partners LLC acquired a new stake in Sound Financial Bancorp during the 2nd quarter worth approximately $1,560,000. Finally, BlackRock Inc. acquired a new stake in Sound Financial Bancorp during the 2nd quarter worth approximately $1,616,000. Institutional investors own 68.85% of the company’s stock.

About Sound Financial Bancorp

Sound Financial Bancorp, Inc is the bank holding company for Sound Community Bank, a community-focused financial institution headquartered in Seattle, Washington. The bank serves individuals, families, businesses and nonprofit organizations primarily in the Puget Sound region and surrounding areas of Western Washington.

Sound Community Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with consumer and business banking services.