Sound Financial Bancorp (NASDAQ:SFBC) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Sound Financial Bancorp, Inc. (NASDAQ:SFBC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.25 and traded as low as $43.62. Sound Financial Bancorp shares last traded at $44.33, with a volume of 6,017 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SFBC. Weiss Ratings reissued a “hold (c)” rating on shares of Sound Financial Bancorp in a research note on Thursday, January 22nd. Wall Street Zen upgraded Sound Financial Bancorp to a “hold” rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sound Financial Bancorp currently has an average rating of “Hold”.

Sound Financial Bancorp Stock Performance

The company has a market capitalization of $107.58 million, a PE ratio of 15.11 and a beta of 0.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day simple moving average is $43.25 and its 200-day simple moving average is $44.23.

Sound Financial Bancorp (NASDAQ:SFBC) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $0.87 EPS for the quarter. The business had revenue of $9.53 million during the quarter. Sound Financial Bancorp had a net margin of 11.64% and a return on equity of 6.70%.

Sound Financial Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Monday, February 9th were issued a $0.21 dividend. This is a boost from Sound Financial Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, February 9th. This represents a $0.84 annualized dividend and a yield of 2.0%. Sound Financial Bancorp’s payout ratio is presently 30.32%.

Institutional Investors Weigh In On Sound Financial Bancorp

Several hedge funds have recently made changes to their positions in SFBC. Bank of America Corp DE increased its stake in Sound Financial Bancorp by 4,863.2% in the second quarter. Bank of America Corp DE now owns 943 shares of the bank’s stock valued at $43,000 after purchasing an additional 924 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Sound Financial Bancorp in the 2nd quarter worth about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Sound Financial Bancorp in the 2nd quarter worth about $54,000. Russell Investments Group Ltd. grew its holdings in 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 buying an additional 870 shares during the period. Finally, New York State Common Retirement Fund purchased a new stake in Sound Financial Bancorp in the 2nd quarter valued at about $101,000. Institutional investors and hedge funds 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.