Sound Financial Bancorp (NASDAQ:SFBC) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Sound Financial Bancorp shares rose above their 200-day moving average, reaching $47.24 before last trading at $46.58, compared with a 200-day average of $43.57.
• The bank reported quarterly EPS of $0.98 on $11.02 million in revenue and declared a quarterly dividend of $0.21 per share, equivalent to a 1.8% yield and a 26.92% payout ratio.
• Analyst sentiment remains neutral, with the sole tracked analyst maintaining a Hold rating. CEO Laura Lee Stewart sold 900 shares under a pre-arranged trading plan, while institutional investors own 68.85% of the company.

Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.57 and traded as high as $47.24. Sound Financial Bancorp shares last traded at $46.58, with a volume of 4,809 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Sound Financial Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Sound Financial Bancorp Stock Down 0.2%

The firm has a market capitalization of $119.71 million and a price-to-earnings ratio of 14.93. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $44.68 and a two-hundred day moving average price of $43.57.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last issued its earnings results on Tuesday, July 28th. The bank reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $11.02 million during the quarter. Sound Financial Bancorp had a return on equity of 7.37% and a net margin of 12.89%.

Sound Financial Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, August 7th. Sound Financial Bancorp's payout ratio is currently 26.92%.

Insider Transactions at Sound Financial Bancorp

In other news, CEO Laura Lee Stewart sold 900 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $42.60, for a total value of $38,340.00. Following the completion of the sale, the chief executive officer owned 9,000 shares of the company's stock, valued at $383,400. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sound Financial Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Sound Financial Bancorp by 106.6% in the 2nd quarter. Geode Capital Management LLC now owns 50,505 shares of the bank's stock valued at $2,324,000 after purchasing an additional 26,059 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Sound Financial Bancorp in the second quarter valued at about $47,000. New York State Common Retirement Fund acquired a new position in shares of Sound Financial Bancorp during the second quarter worth about $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Sound Financial Bancorp during the second quarter worth about $54,000. Finally, Bank of America Corp DE boosted its position in shares of Sound Financial Bancorp by 4,863.2% in 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. Institutional investors and hedge funds own 68.85% of the company's stock.

About Sound Financial Bancorp

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.

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