Sound Financial Bancorp, Inc. (NASDAQ:SFBC – Get Free Report) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $44.57 and traded as low as $42.52. Sound Financial Bancorp shares last traded at $42.62, with a volume of 1,387 shares changing hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Sound Financial Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy”.
Check Out Our Latest Stock Analysis on SFBC
Sound Financial Bancorp Stock Performance
Sound Financial Bancorp (NASDAQ:SFBC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $0.98 earnings per share (EPS) for the quarter. The company had revenue of $11.02 million during the quarter. Sound Financial Bancorp had a return on equity of 7.31% and a net margin of 12.89%.
Sound Financial Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 7th. Sound Financial Bancorp’s payout ratio is currently 26.92%.
Insiders Place Their Bets
In other Sound Financial Bancorp news, CEO Laura Stewart sold 900 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $45.99, for a total value 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 represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.30% of the company’s stock.
Hedge Funds Weigh In On Sound Financial Bancorp
Several hedge funds have recently modified their holdings of SFBC. Empowered Funds LLC bought a new stake in shares of Sound Financial Bancorp in the 2nd quarter valued at about $278,000. Pacific Sage Partners LLC acquired a new position in shares of Sound Financial Bancorp in the second quarter valued at $1,560,000. Finally, BlackRock Inc. acquired a new position in shares of Sound Financial Bancorp in the second quarter valued at $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.
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