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

Key Points

• Sound Financial Bancorp (NASDAQ:SFBC) has fallen below its 200-day moving average, trading as low as $46.01 while the average is $48.24.
• Wall Street analysts maintain a consensus rating of "Hold" for the stock, with upgrades from "sell" to "hold" by several analysts including Wall Street Zen.
• The company recently announced a quarterly dividend of $0.19 per share, resulting in a 1.7% annualized yield based on the current share price.

Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $48.24 and traded as low as $46.01. Sound Financial Bancorp shares last traded at $46.06, with a volume of 3,417 shares.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wall Street Zen upgraded Sound Financial Bancorp from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Sound Financial Bancorp in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sound Financial Bancorp presently has a consensus rating of "Hold".

Sound Financial Bancorp Trading Up 0.1%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.12. The company has a 50 day simple moving average of $46.68 and a two-hundred day simple moving average of $48.24. The company has a market cap of $118.37 million, a PE ratio of 18.95 and a beta of 0.17.

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

Sound Financial Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 11th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 11th. Sound Financial Bancorp's payout ratio is 31.28%.

Hedge Funds Weigh In On Sound Financial Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Operose Advisors LLC purchased a new position in Sound Financial Bancorp during the 1st quarter valued at about $25,000. Bank of America Corp DE raised its position 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 valued at $43,000 after acquiring an additional 924 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Sound Financial Bancorp during the second quarter valued at approximately $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sound Financial Bancorp during the second quarter valued at approximately $54,000. Finally, New York State Common Retirement Fund bought a new position in Sound Financial Bancorp during the second quarter valued at approximately $101,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

About Sound Financial Bancorp

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.

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