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

Sound Financial Bancorp, Inc. (NASDAQ:SFBC)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $48.59 and traded as low as $45.70. Sound Financial Bancorp shares last traded at $45.97, with a volume of 4,050 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Sound Financial Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd.

Sound Financial Bancorp Stock Down 2.2%

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 business has a 50 day moving average price of $46.63 and a 200 day moving average price of $48.59. The firm has a market capitalization of $118.14 million, a P/E ratio of 18.92 and a beta of 0.16.

Sound Financial Bancorp (NASDAQ:SFBC) last posted its quarterly earnings data on Tuesday, July 29th. The bank reported $0.79 EPS for the quarter. The business had revenue of $10.38 million for the quarter. Sound Financial Bancorp had a return on equity of 6.05% and a net margin of 10.02%.

Sound Financial Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 11th were paid a $0.19 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.7%. Sound Financial Bancorp’s payout ratio is presently 31.28%.

Hedge Funds Weigh In On Sound Financial Bancorp

Institutional investors have recently made changes to their positions in the business. Kennedy Capital Management LLC increased its stake in Sound Financial Bancorp by 499.5% during the second quarter. Kennedy Capital Management LLC now owns 52,365 shares of the bank’s stock valued at $2,409,000 after acquiring an additional 43,630 shares during the period. Geode Capital Management LLC increased its stake in 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 period. Arcus Capital Partners LLC bought a new position in Sound Financial Bancorp during the first quarter valued at about $558,000. FNY Investment Advisers LLC increased its stake in Sound Financial Bancorp by 52.6% during the second quarter. FNY Investment Advisers LLC now owns 9,600 shares of the bank’s stock valued at $441,000 after acquiring an additional 3,307 shares during the period. Finally, Northern Trust Corp increased its stake in Sound Financial Bancorp by 44.3% during the fourth quarter. Northern Trust Corp now owns 7,141 shares of the bank’s stock valued at $376,000 after acquiring an additional 2,193 shares during the period. 68.85% of the stock is currently owned by institutional investors.

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.