Sound Financial Bancorp (NASDAQ:SFBC) Shares Cross Above 200-Day Moving Average – Here’s What Happened

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 $51.38 and traded as high as $52.70. Sound Financial Bancorp shares last traded at $52.38, with a volume of 3,628 shares changing hands.

Sound Financial Bancorp Stock Down 1.6 %

The business has a 50-day simple moving average of $53.71 and a two-hundred day simple moving average of $51.38. The company has a market capitalization of $134.09 million, a price-to-earnings ratio of 34.24 and a beta of 0.69. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.12 and a current ratio of 1.12.

Sound Financial Bancorp (NASDAQ:SFBC) last posted its quarterly earnings results on Wednesday, October 30th. The bank reported $0.45 earnings per share (EPS) for the quarter. The firm had revenue of $16.07 million during the quarter. Sound Financial Bancorp had a net margin of 6.49% and a return on equity of 3.88%.

Sound Financial Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. Sound Financial Bancorp’s payout ratio is currently 49.67%.

Insider Activity

In other Sound Financial Bancorp news, Director James E. Sweeney sold 592 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $52.57, for a total value of $31,121.44. Following the sale, the director now owns 2,942 shares of the company’s stock, valued at approximately $154,660.94. This represents a 16.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 1,026 shares of company stock worth $54,446 in the last 90 days. 12.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sound Financial Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC raised its position in Sound Financial Bancorp by 97.1% during the fourth quarter. FNY Investment Advisers LLC now owns 5,530 shares of the bank’s stock worth $291,000 after acquiring an additional 2,725 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Sound Financial Bancorp by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 23,885 shares of the bank’s stock worth $1,278,000 after purchasing an additional 1,407 shares in the last quarter. State Street Corp increased its stake in shares of Sound Financial Bancorp by 10.9% during the 3rd quarter. State Street Corp now owns 5,095 shares of the bank’s stock worth $273,000 after purchasing an additional 500 shares in the last quarter. Arcus Capital Partners LLC acquired a new position in shares of Sound Financial Bancorp during the 3rd quarter worth approximately $503,000. Finally, Dimensional Fund Advisors LP lifted its stake in Sound Financial Bancorp by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,811 shares of the bank’s stock valued at $739,000 after buying an additional 1,122 shares in the last quarter. 68.85% of the stock is currently owned by hedge funds and other 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.