Sound Financial Bancorp (NASDAQ:SFBC) Stock Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Sound Financial Bancorp's stock (NASDAQ:SFBC) has fallen below its two hundred day moving average of $48.43, closing at $46.06 during recent trading.
• Analysts upgraded the company's rating from "sell" to "hold" as of August 3rd, indicating a more neutral outlook on the stock.
• The company declared a quarterly dividend of $0.19 per share with an annualized yield of 1.7%, reflecting a 31.28% dividend payout ratio.

Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $48.43 and traded as low as $46.03. Sound Financial Bancorp shares last traded at $46.06, with a volume of 4,386 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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 company has a debt-to-equity ratio of 0.35, a current ratio of 1.12 and a quick ratio of 1.11. The stock has a market cap of $118.37 million, a price-to-earnings ratio of 18.95 and a beta of 0.16. The business's 50-day simple moving average is $46.80 and its two-hundred day simple moving average is $48.43.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The bank reported $0.79 earnings per share 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 firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 11th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.7%. Sound Financial Bancorp's dividend payout ratio (DPR) is presently 31.28%.

Hedge Funds Weigh In On Sound Financial Bancorp

Large investors have recently modified their holdings of the business. Arcus Capital Partners LLC bought a new position in shares of Sound Financial Bancorp during the first quarter valued at $558,000. FNY Investment Advisers LLC raised its stake in shares of Sound Financial Bancorp by 13.8% during the first quarter. FNY Investment Advisers LLC now owns 6,293 shares of the bank's stock valued at $315,000 after acquiring an additional 763 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Sound Financial Bancorp by 106.6% during the second quarter. Geode Capital Management LLC now owns 50,505 shares of the bank's stock valued at $2,324,000 after acquiring an additional 26,059 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of Sound Financial Bancorp during the second quarter valued at $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sound Financial Bancorp during the second quarter valued at $54,000. Institutional investors own 68.85% of the company's stock.

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.

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