Sound Financial Bancorp (NASDAQ:SFBC) Stock Passes Below 200-Day Moving Average – Should You Sell?

Sound Financial Bancorp, Inc. (NASDAQ:SFBC)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $44.75 and traded as low as $41.75. Sound Financial Bancorp shares last traded at $42.11, with a volume of 7,920 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Sound Financial Bancorp in a report on Thursday, January 22nd. One 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 Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day simple moving average of $43.49 and a 200 day simple moving average of $44.67. The company has a market capitalization of $106.32 million, a PE ratio of 14.94 and a beta of 0.11.

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

Sound Financial Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Monday, February 9th were issued a $0.21 dividend. This is a boost from Sound Financial Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, February 9th. This represents a $0.84 annualized dividend and a yield of 2.0%. Sound Financial Bancorp’s dividend payout ratio is currently 30.32%.

Hedge Funds Weigh In On Sound Financial Bancorp

Several large investors have recently made changes to their positions in SFBC. Bank of America Corp DE increased its holdings in 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 worth $43,000 after acquiring an additional 924 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Sound Financial Bancorp during the second quarter worth about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Sound Financial Bancorp in the second quarter valued at approximately $54,000. Russell Investments Group Ltd. increased its position in shares of Sound Financial Bancorp by 168.3% during the 4th quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock worth $61,000 after purchasing an additional 870 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in Sound Financial Bancorp during the second quarter worth about $101,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

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.