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

Shares of Sound Financial Bancorp, Inc. (NASDAQ:SFBC) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.38 and traded as low as $41.31. Sound Financial Bancorp shares last traded at $41.32, with a volume of 11,198 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on SFBC. Weiss Ratings upgraded shares of Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of Sound Financial Bancorp to a “hold” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sound Financial Bancorp Trading Up 1.1%

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $108.79 million, a P/E ratio of 14.45 and a beta of 0.02. The business has a 50 day moving average price of $42.77 and a 200 day moving average price of $43.35.

Sound Financial Bancorp (NASDAQ:SFBC) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $0.61 EPS for the quarter. Sound Financial Bancorp had a return on equity of 6.99% and a net margin of 12.19%.The company had revenue of $9.96 million during the quarter.

Sound Financial Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, May 11th. Sound Financial Bancorp’s dividend payout ratio is 28.67%.

Institutional Investors Weigh In On Sound Financial Bancorp

Several large investors have recently modified their holdings of SFBC. Geode Capital Management LLC increased its holdings in shares of Sound Financial Bancorp by 106.6% in the second quarter. Geode Capital Management LLC now owns 50,505 shares of the bank’s stock worth $2,324,000 after acquiring an additional 26,059 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Sound Financial Bancorp in the second quarter worth about $47,000. New York State Common Retirement Fund bought a new stake in shares of Sound Financial Bancorp in the second quarter worth about $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Sound Financial Bancorp in the second quarter worth about $54,000. Finally, Bank of America Corp DE increased its holdings in shares of Sound Financial Bancorp by 4,863.2% in the second quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock worth $43,000 after acquiring an additional 924 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors.

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.