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

Key Points

• The stock price of Sound Financial Bancorp (NASDAQ:SFBC) fell below its 200-day moving average of $48.02, trading at $44.61.
• Brokerages have given Sound Financial a current average rating of "Hold", with Weiss Ratings maintaining its hold rating and Wall Street Zen revising from a sell to hold.
• Sound Financial Bancorp recently declared a $0.19 quarterly dividend, equating to an annualized yield of 1.7% and a payout ratio of 31.28%.

Sound Financial Bancorp, Inc. (NASDAQ:SFBC - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $48.02 and traded as low as $44.61. Sound Financial Bancorp shares last traded at $44.61, with a volume of 18,876 shares traded.

Analyst Ratings Changes

A number of brokerages have weighed in on SFBC. Weiss Ratings restated a "hold (c)" rating on shares of Sound Financial Bancorp in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Sound Financial Bancorp from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sound Financial Bancorp presently has an average rating of "Hold".

Sound Financial Bancorp Trading Down 2.9%

The company has a market cap of $114.65 million, a P/E ratio of 18.36 and a beta of 0.17. The business has a fifty day simple moving average of $46.62 and a 200 day simple moving average of $48.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.12.

Sound Financial Bancorp (NASDAQ:SFBC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The bank reported $0.79 earnings per share (EPS) for the quarter. Sound Financial Bancorp had a return on equity of 6.05% and a net margin of 10.02%.The business 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 given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, August 11th. Sound Financial Bancorp's dividend payout ratio (DPR) is presently 31.28%.

Institutional Investors Weigh In On Sound Financial Bancorp

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake 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 worth $43,000 after acquiring an additional 924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sound Financial Bancorp during the second quarter valued at approximately $54,000. Kennedy Capital Management LLC raised its position in shares of Sound Financial Bancorp by 499.5% during the 2nd quarter. Kennedy Capital Management LLC now owns 52,365 shares of the bank's stock worth $2,409,000 after purchasing an additional 43,630 shares during the period. New York State Common Retirement Fund bought a new stake in shares of Sound Financial Bancorp in the 2nd quarter worth approximately $101,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Sound Financial Bancorp in the 2nd quarter worth approximately $47,000. 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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