Sound Financial Bancorp (NASDAQ:SFBC) Share Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• Sound Financial Bancorp's share price has recently dropped below its 200-day moving average, indicating potential concerns for investors, as it traded as low as $45.81 and is currently at $46.24.
• Analysts have upgraded their rating for Sound Financial Bancorp from "sell" to "hold," suggesting a shift in sentiment regarding the stock's performance.
• The company announced a dividend of $0.19 per share to be paid on August 25th, which corresponds to an annualized yield of 1.6% and a payout ratio of 31.28%.

Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.50 and traded as low as $45.81. Sound Financial Bancorp shares last traded at $46.24, with a volume of 6,066 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Sound Financial Bancorp from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd.

Sound Financial Bancorp Price Performance

The firm's fifty day moving average price is $46.78 and its 200 day moving average price is $49.38. The firm has a market capitalization of $119.63 million, a PE ratio of 19.16 and a beta of 0.16. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The bank reported $0.79 earnings per share (EPS) for the quarter. Sound Financial Bancorp had a net margin of 10.02% and a return on equity of 6.05%. The firm had revenue of $10.38 million for the quarter.

Sound Financial Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Monday, August 11th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, August 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.6%. Sound Financial Bancorp's dividend payout ratio is currently 31.28%.

Hedge Funds Weigh In On Sound Financial Bancorp

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Sound Financial Bancorp by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,016 shares of the bank's stock worth $949,000 after purchasing an additional 435 shares during the last quarter. Operose Advisors LLC purchased a new position in Sound Financial Bancorp during the first quarter worth about $25,000. FNY Investment Advisers LLC boosted its stake in Sound Financial Bancorp by 13.8% during the first quarter. FNY Investment Advisers LLC now owns 6,293 shares of the bank's stock worth $315,000 after buying an additional 763 shares during the period. Bank of America Corp DE boosted its stake in Sound Financial Bancorp by 4,863.2% during the second quarter. Bank of America Corp DE now owns 943 shares of the bank's stock worth $43,000 after buying an additional 924 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in Sound Financial Bancorp during the second quarter worth about $47,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Sound Financial Bancorp Company Profile

Sound Financial Bancorp, Inc operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses. It accepts various deposits products comprising savings, money market deposit, NOW, and demand accounts, as well as certificates of deposit.