Sound Financial Bancorp (NASDAQ:SFBC) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Sound Financial Bancorp (NASDAQ:SFBC) moved above its 200-day moving average, trading as high as $48.07 and last changing hands at $46.88.
• The stock remains viewed cautiously by analysts, with a consensus rating of Hold after recent rating tweaks from Weiss Ratings and Wall Street Zen.
• The company recently reported Q1 earnings of $0.61 per share and paid a quarterly dividend of $0.21 per share, equal to an annualized yield of about 1.8%.

Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.28 and traded as high as $48.07. Sound Financial Bancorp shares last traded at $46.88, with a volume of 6,858 shares trading hands.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings raised shares of Sound Financial Bancorp from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of Sound Financial Bancorp to a "hold" rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Sound Financial Bancorp Stock Performance

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 market cap of $120.48 million, a price-to-earnings ratio of 16.00 and a beta of 0.01. The stock has a fifty day moving average price of $43.19 and a 200 day moving average price of $43.28.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $0.61 earnings per share for the quarter. Sound Financial Bancorp had a return on equity of 6.99% and a net margin of 12.19%.The business had revenue of $9.96 million for the quarter.

Sound Financial Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. Sound Financial Bancorp's dividend payout ratio (DPR) is currently 28.67%.

Insider Activity at Sound Financial Bancorp

In other news, CEO Laura Lee Stewart sold 900 shares of the business's 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 directly owned 9,000 shares in the company, valued at approximately $383,400. The trade was a 9.09% 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 corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Sound Financial Bancorp by 4,863.2% during the 2nd quarter. Bank of America Corp DE now owns 943 shares of the bank's stock worth $43,000 after acquiring an additional 924 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Sound Financial Bancorp in the second quarter valued at about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sound Financial Bancorp in the second quarter worth about $54,000. Russell Investments Group Ltd. lifted its position in shares of Sound Financial Bancorp by 168.3% during the 4th quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank's stock worth $61,000 after purchasing an additional 870 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in shares of Sound Financial Bancorp during the 2nd quarter worth about $101,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Sound Financial Bancorp Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.