Sound Financial Bancorp (NASDAQ:SFBC) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Sound Financial Bancorp, Inc. (NASDAQ:SFBC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $43.47 and traded as high as $49.21. Sound Financial Bancorp shares last traded at $46.98, with a volume of 206,503 shares.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Sound Financial Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Sound Financial Bancorp Stock Performance

The stock has a market cap of $119.50 million and a price-to-earnings ratio of 14.90. The company’s 50 day simple moving average is $44.29 and its 200 day simple moving average is $43.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 1.09.

Sound Financial Bancorp (NASDAQ:SFBC) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $0.98 earnings per share for the quarter. Sound Financial Bancorp had a net margin of 12.89% and a return on equity of 7.37%. The company had revenue of $11.02 million during the quarter.

Sound Financial Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, August 7th. Sound Financial Bancorp’s dividend payout ratio is 26.92%.

Insider Transactions at Sound Financial Bancorp

In other Sound Financial Bancorp news, CEO Laura Lee Stewart sold 900 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $42.60, for a total transaction of $38,340.00. Following the completion of the transaction, the chief executive officer directly owned 9,000 shares of the company’s stock, valued at approximately $383,400. This trade represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Barclays PLC grew its position in Sound Financial Bancorp by 8.7% in the fourth quarter. Barclays PLC now owns 4,402 shares of the bank’s stock worth $192,000 after buying an additional 354 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sound Financial Bancorp by 64.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,667 shares of the bank’s stock valued at $77,000 after acquiring an additional 651 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Sound Financial Bancorp by 40.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,628 shares of the bank’s stock valued at $115,000 after acquiring an additional 759 shares during the last quarter. Russell Investments Group Ltd. boosted its stake 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 acquiring an additional 870 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of 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 in the last quarter. Institutional investors own 68.85% of the company’s stock.

About Sound Financial Bancorp

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.