Sound Financial Bancorp (NASDAQ:SFBC) Share Price Breaks Below 200-Day Moving Average - Here's What Happened

Key Points

• Sound Financial Bancorp shares fell below their 200-day moving average, reaching $44.23 compared with the $44.26 average, on light trading volume of 2,700 shares.
• Weiss Ratings upgraded the stock from “hold” to “buy,” and the company has a consensus “Buy” rating from the one analyst covering it.
• The bank reported quarterly EPS of $0.90 and revenue of $9.49 million, while announcing a $0.21 quarterly dividend, equivalent to a 1.9% yield.

Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $44.26 and traded as low as $44.23. Sound Financial Bancorp shares last traded at $44.23, with a volume of 2,700 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Sound Financial Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Sound Financial Bancorp presently has a consensus rating of "Buy".

Sound Financial Bancorp Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $113.67 million, a P/E ratio of 13.16 and a beta of 0.03. The firm's fifty day moving average is $45.80 and its two-hundred day moving average is $44.26.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The bank reported $0.90 EPS for the quarter. Sound Financial Bancorp had a return on equity of 7.82% and a net margin of 13.88%. The business had revenue of $9.49 million for the quarter.

Sound Financial Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. Sound Financial Bancorp's dividend payout ratio (DPR) is currently 25.00%.

Insider Activity

In related news, CEO Laura Stewart sold 900 shares of Sound Financial Bancorp stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $45.99, for a total transaction of $41,391.00. Following the sale, the chief executive officer owned 8,100 shares of the company's stock, valued at approximately $372,519. This trade represents a 10.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFBC. BlackRock Inc. bought a new stake in shares of Sound Financial Bancorp during the second quarter valued at approximately $1,616,000. Pacific Sage Partners LLC purchased a new position in shares of Sound Financial Bancorp in the second quarter worth $1,560,000. Finally, Empowered Funds LLC bought a new position in shares of Sound Financial Bancorp during the second quarter worth $278,000. 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 headquartered in Seattle, Washington. Through its principal subsidiary, Sound Community Bank, the company provides banking and financial services to individuals, families, businesses and nonprofit organizations in the Puget Sound region.

Sound Community Bank offers deposit products, including checking, savings, money market and certificate accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, consumer and small-business loans.

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