Sound Financial Bancorp (NASDAQ:SFBC) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $46.87 and traded as low as $44.25. Sound Financial Bancorp shares last traded at $44.42, with a volume of 5,332 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have commented on SFBC. Wall Street Zen raised Sound Financial Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Sound Financial Bancorp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sound Financial Bancorp presently has an average rating of “Hold”.

Sound Financial Bancorp Price Performance

The company has a market capitalization of $113.98 million, a price-to-earnings ratio of 16.83 and a beta of 0.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50 day moving average price of $45.37 and a 200-day moving average price of $46.87.

Sound Financial Bancorp (NASDAQ:SFBC) last announced its earnings results on Tuesday, October 28th. The bank reported $0.66 EPS for the quarter. Sound Financial Bancorp had a return on equity of 6.48% and a net margin of 10.97%.The company had revenue of $9.82 million for the quarter.

Sound Financial Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, November 7th. Sound Financial Bancorp’s dividend payout ratio is presently 28.79%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Operose Advisors LLC acquired a new stake in Sound Financial Bancorp in the first quarter worth $25,000. FNY Investment Advisers LLC raised its holdings in shares of Sound Financial Bancorp by 52.6% during the second quarter. FNY Investment Advisers LLC now owns 9,600 shares of the bank’s stock valued at $441,000 after purchasing an additional 3,307 shares during the period. Geode Capital Management LLC boosted its position in shares of Sound Financial Bancorp by 106.6% during the 2nd quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock worth $2,324,000 after purchasing an additional 26,059 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Sound Financial Bancorp in the 2nd quarter valued at about $47,000. Finally, New York State Common Retirement Fund bought a new stake in Sound Financial Bancorp in the 2nd quarter valued at about $101,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

About Sound Financial Bancorp

Sound Financial Bancorp, Inc operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses. It accepts various deposits products comprising savings, money market deposit, NOW, and demand accounts, as well as certificates of deposit.