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

Sound Financial Bancorp, Inc. (NASDAQ:SFBC)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $45.53 and traded as low as $43.75. Sound Financial Bancorp shares last traded at $43.79, with a volume of 10,784 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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.com, the company presently has an average rating of “Hold”.

Sound Financial Bancorp Stock Performance

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 firm’s fifty day moving average is $44.19 and its 200 day moving average is $45.53. The company has a market cap of $112.54 million, a PE ratio of 16.59 and a beta of 0.10.

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

Sound Financial Bancorp Dividend Announcement

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

Hedge Funds Weigh In On Sound Financial Bancorp

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