Sound Financial Bancorp (NASDAQ:SFBC) Share Price Passes Above 50-Day Moving Average – Here’s Why

Sound Financial Bancorp, Inc. (NASDAQ:SFBC)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $42.59 and traded as high as $44.34. Sound Financial Bancorp shares last traded at $44.32, with a volume of 1,271 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Sound Financial Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Wall Street Zen raised Sound Financial Bancorp to a “hold” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Sound Financial Bancorp Trading Down 0.8%

The firm has a market capitalization of $113.90 million, a price-to-earnings ratio of 15.13 and a beta of 0.01. The business’s 50-day moving average price is $42.59 and its 200 day moving average price is $43.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.09.

Sound Financial Bancorp (NASDAQ:SFBC) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $0.61 earnings per share (EPS) for the quarter. Sound Financial Bancorp had a net margin of 12.19% and a return on equity of 6.99%. The firm had revenue of $9.96 million for the quarter.

Sound Financial Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, May 11th. Sound Financial Bancorp’s payout ratio is presently 28.67%.

Insiders Place Their Bets

In related news, CEO Laura Lee Stewart sold 900 shares of Sound Financial Bancorp stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $42.60, for a total transaction of $38,340.00. Following the transaction, the chief executive officer directly owned 9,000 shares of the company’s stock, valued at $383,400. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in Sound Financial Bancorp by 8.7% in the 4th quarter. Barclays PLC now owns 4,402 shares of the bank’s stock valued at $192,000 after buying an additional 354 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Sound Financial Bancorp by 64.1% during the third quarter. JPMorgan Chase & Co. now owns 1,667 shares of the bank’s stock worth $77,000 after acquiring an additional 651 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Sound Financial Bancorp by 40.6% during the fourth 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 period. Russell Investments Group Ltd. boosted its stake in shares of Sound Financial Bancorp by 168.3% in 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 in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Sound Financial Bancorp by 4,863.2% in the 2nd quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock worth $43,000 after purchasing an additional 924 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.