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

Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $50.95 and traded as low as $46.00. Sound Financial Bancorp shares last traded at $47.00, with a volume of 16,794 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Sound Financial Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday.

Sound Financial Bancorp Price Performance

The firm has a market cap of $121.52 million, a price-to-earnings ratio of 24.25 and a beta of 0.21. The business's 50-day simple moving average is $49.31 and its two-hundred day simple moving average is $50.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $0.45 earnings per share for the quarter. The business had revenue of $9.17 million during the quarter. Sound Financial Bancorp had a net margin of 8.12% and a return on equity of 4.89%.

Sound Financial Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, May 9th. Sound Financial Bancorp's payout ratio is 38.97%.

Hedge Funds Weigh In On Sound Financial Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Operose Advisors LLC bought a new position in shares of Sound Financial Bancorp during the 1st quarter worth approximately $25,000. Virtu Financial LLC bought a new position in shares of Sound Financial Bancorp during the 4th quarter worth approximately $235,000. FNY Investment Advisers LLC boosted its holdings in shares of Sound Financial Bancorp by 13.8% during the 1st quarter. FNY Investment Advisers LLC now owns 6,293 shares of the bank's stock worth $315,000 after buying an additional 763 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Sound Financial Bancorp by 44.3% during the 4th quarter. Northern Trust Corp now owns 7,141 shares of the bank's stock worth $376,000 after buying an additional 2,193 shares in the last quarter. Finally, Arcus Capital Partners LLC bought a new position in shares of Sound Financial Bancorp during the 1st quarter worth approximately $558,000. 68.85% of the stock is currently owned by institutional investors.

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.