Sound Financial Bancorp (NASDAQ:SFBC) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $45.26 and traded as low as $43.94. Sound Financial Bancorp shares last traded at $44.08, with a volume of 4,088 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Sound Financial Bancorp in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Sound Financial Bancorp Trading Down 0.2%

The business’s 50 day simple moving average is $43.99 and its two-hundred day simple moving average is $45.26. The stock has a market cap of $113.29 million, a P/E ratio of 15.91 and a beta of 0.11. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.34.

Sound Financial Bancorp (NASDAQ:SFBC) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $0.87 earnings per share for the quarter. The company had revenue of $9.53 million for the quarter. Sound Financial Bancorp had a return on equity of 6.76% and a net margin of 11.64%.

Sound Financial Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Monday, February 9th will be paid a $0.21 dividend. This is an increase from Sound Financial Bancorp’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, February 9th. Sound Financial Bancorp’s payout ratio is currently 27.44%.

Hedge Funds Weigh In On Sound Financial Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Graham Capital Wealth Management LLC raised its stake in shares of Sound Financial Bancorp by 275.4% during the fourth quarter. Graham Capital Wealth Management LLC now owns 90,346 shares of the bank’s stock valued at $3,942,000 after acquiring an additional 66,280 shares during the last quarter. Pacific Sage Partners LLC increased its holdings in Sound Financial Bancorp by 573.8% in the fourth quarter. Pacific Sage Partners LLC now owns 36,192 shares of the bank’s stock valued at $1,579,000 after purchasing an additional 30,821 shares during the period. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 651 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Sound Financial Bancorp by 3.2% during the 3rd quarter. Alliancebernstein L.P. now owns 92,003 shares of the bank’s stock worth $4,238,000 after buying an additional 2,880 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Sound Financial Bancorp by 4,863.2% in the 2nd quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock valued at $43,000 after buying an additional 924 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

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.