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

Sound Financial Bancorp, Inc. (NASDAQ:SFBC)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 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 trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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. Wall Street Zen raised shares of Sound Financial Bancorp to a “hold” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sound Financial Bancorp currently has an average rating of “Hold”.

Sound Financial Bancorp Stock Up 2.2%

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 has a 50 day moving average price of $42.67 and a 200 day moving average price of $43.18. The company has a market cap of $113.03 million, a P/E ratio of 15.01 and a beta of 0.01.

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

Sound Financial Bancorp Dividend Announcement

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

Insider Activity at Sound Financial Bancorp

In other 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 value of $38,340.00. Following the transaction, the chief executive officer directly owned 9,000 shares in the company, valued at approximately $383,400. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Sound Financial Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in SFBC. Graham Capital Wealth Management LLC raised its stake in shares of Sound Financial Bancorp by 275.4% during the fourth quarter. Graham Capital Wealth Management LLC now owns 90,346 shares of the bank’s stock worth $3,942,000 after buying an additional 66,280 shares during the last quarter. Pacific Sage Partners LLC grew its holdings in Sound Financial Bancorp by 573.8% during the 4th quarter. Pacific Sage Partners LLC now owns 36,192 shares of the bank’s stock worth $1,579,000 after acquiring an additional 30,821 shares during the period. Bank of America Corp DE grew its holdings in 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 during the period. JPMorgan Chase & Co. bought a new stake in shares of Sound Financial Bancorp during the 2nd quarter valued at $47,000. Finally, Russell Investments Group Ltd. raised its position 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 valued at $61,000 after acquiring an additional 870 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

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.