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

Key Points

• Sound Financial Bancorp shares fell below their 200-day moving average, trading as low as $44.50 versus the $44.56 average, and last changed hands at $43.47.
• Despite the technical weakness, Weiss Ratings upgraded the stock to “buy,” and the sole covering analyst also rates it Buy. The company recently reported $0.98 in quarterly EPS and $11.02 million in revenue.
• The bank declared a quarterly dividend of $0.21, equal to an annualized $0.84 payout and a 1.9% yield; institutional investors own 68.85% of the shares, while insiders own 12.30%.

Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $44.56 and traded as low as $44.50. Sound Financial Bancorp shares last traded at $43.4660, with a volume of 1,189 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 report 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 Down 1.5%

The company has a market capitalization of $111.71 million, a P/E ratio of 13.93 and a beta of 0.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.08 and a quick ratio of 1.08. The company has a 50 day moving average of $46.17 and a 200-day moving average of $44.56.

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 business had revenue of $11.02 million during the quarter.

Sound Financial Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 7th. Sound Financial Bancorp's dividend payout ratio (DPR) is presently 26.92%.

Insiders Place Their Bets

In other Sound Financial Bancorp news, CEO Laura Stewart sold 900 shares of Sound Financial Bancorp stock in a transaction 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 completion of the transaction, the chief executive officer owned 8,100 shares in the company, valued at approximately $372,519. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.30% of the stock is currently owned by company insiders.

Institutional Trading of Sound Financial Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Pacific Sage Partners LLC purchased a new stake in shares of Sound Financial Bancorp during the 2nd quarter valued at about $1,560,000. BlackRock Inc. bought a new stake in shares of Sound Financial Bancorp in the second quarter worth $1,616,000. Finally, Empowered Funds LLC bought a new stake in shares of Sound Financial Bancorp in the second quarter worth $278,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

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.

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