Sound Financial Bancorp (NASDAQ:SFBC) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $45.97 and traded as low as $43.28. Sound Financial Bancorp shares last traded at $43.44, with a volume of 7,083 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Sound Financial Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Sound Financial Bancorp Stock Performance

The firm has a 50-day simple moving average of $44.57 and a two-hundred day simple moving average of $45.97. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $111.64 million, a price-to-earnings ratio of 16.45 and a beta of 0.10.

Sound Financial Bancorp (NASDAQ:SFBC) last announced its quarterly 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 business had revenue of $9.82 million during the quarter.

Sound Financial Bancorp Announces Dividend

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

Institutional Investors Weigh In On Sound Financial Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. boosted its holdings in Sound Financial Bancorp by 3.2% in the third quarter. Alliancebernstein L.P. now owns 92,003 shares of the bank’s stock worth $4,238,000 after purchasing an additional 2,880 shares in the last quarter. Graham Capital Wealth Management LLC lifted its position in shares of Sound Financial Bancorp by 357.6% in the third quarter. Graham Capital Wealth Management LLC now owns 24,066 shares of the bank’s stock worth $1,108,000 after buying an additional 18,807 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sound Financial Bancorp by 64.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,667 shares of the bank’s stock worth $77,000 after acquiring an additional 651 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of 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 valued at $43,000 after acquiring an additional 924 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Sound Financial Bancorp during the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Sound Financial Bancorp Company Profile

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.