Sound Financial Bancorp (NASDAQ:SFBC) Stock Breaks Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Sound Financial Bancorp shares fell below their 200-day moving average, trading as low as $42.52 versus the $44.57 average, though the stock later stood at $42.62.
• Despite the technical weakness, Weiss Ratings upgraded the stock to “buy,” and the sole covering analyst also rates it Buy. The company has a 2.0% dividend yield based on its $0.84 annualized dividend.
• The bank reported quarterly EPS of $0.98 on $11.02 million in revenue, with a 7.31% return on equity and 12.89% net margin. Institutional investors own approximately 68.85% of the company.

Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $44.57 and traded as low as $42.52. Sound Financial Bancorp shares last traded at $42.62, with a volume of 1,387 shares trading hands.

Analysts Set New Price Targets

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

Sound Financial Bancorp Stock Up 0.4%

The business has a 50 day moving average of $46.57 and a 200-day moving average of $44.57. The stock has a market cap of $109.53 million, a PE ratio of 13.66 and a beta of 0.03. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $0.98 EPS for the quarter. Sound Financial Bancorp had a return on equity of 7.31% and a net margin of 12.89%. The company had revenue of $11.02 million for the quarter.

Sound Financial Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 7th. Sound Financial Bancorp's dividend payout ratio is presently 26.92%.

Insider Activity

In other news, CEO Laura Stewart sold 900 shares of the firm's stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $45.99, for a total transaction of $41,391.00. Following the transaction, the chief executive officer directly owned 8,100 shares in the company, valued at approximately $372,519. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.30% of the company's stock.

Institutional Trading of Sound Financial Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC acquired a new stake in Sound Financial Bancorp during the 2nd quarter worth $278,000. Pacific Sage Partners LLC purchased a new position in Sound Financial Bancorp during the 2nd quarter worth $1,560,000. Finally, BlackRock Inc. acquired a new position in Sound Financial Bancorp in the second quarter valued at $1,616,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Sound Financial Bancorp Company Profile

Sound Financial Bancorp, Inc is the bank holding company for Sound Community Bank, a community-focused financial institution headquartered in Seattle, Washington. The bank serves individuals, families, businesses and nonprofit organizations primarily in the Puget Sound region and surrounding areas of Western Washington.

Sound Community Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with consumer and business banking services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.