Sound Financial Bancorp (NASDAQ:SFBC) Shares Pass Above 200-Day Moving Average – Time to Sell?

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Sound Financial Bancorp Stock Performance

The business’s fifty day moving average is $44.13 and its two-hundred day moving average is $43.47. The stock has a market capitalization of $120.55 million and a PE ratio of 15.06. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.16.

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

Sound Financial Bancorp Dividend Announcement

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

Insider Activity

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

Institutional Investors Weigh In On Sound Financial Bancorp

Several institutional investors have recently made changes to their positions in SFBC. Russell Investments Group Ltd. grew its holdings in Sound Financial Bancorp by 168.3% during the 4th quarter. Russell Investments Group Ltd. now owns 1,387 shares of the bank’s stock valued at $61,000 after purchasing an additional 870 shares during the last quarter. Barclays PLC boosted its holdings in Sound Financial Bancorp by 8.7% during the 4th quarter. Barclays PLC now owns 4,402 shares of the bank’s stock valued at $192,000 after acquiring an additional 354 shares during the period. Wells Fargo & Company MN increased its stake in Sound Financial Bancorp by 40.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,628 shares of the bank’s stock worth $115,000 after purchasing an additional 759 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Sound Financial Bancorp during the fourth quarter valued at $271,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Sound Financial Bancorp by 64.1% in the third quarter. JPMorgan Chase & Co. now owns 1,667 shares of the bank’s stock worth $77,000 after purchasing an additional 651 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

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.