Sound Financial Bancorp (NASDAQ:SFBC) Stock Passes Above 200-Day Moving Average – Here’s Why

Sound Financial Bancorp, Inc. (NASDAQ:SFBC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $47.27 and traded as high as $54.74. Sound Financial Bancorp shares last traded at $52.81, with a volume of 1,906 shares.

Sound Financial Bancorp Price Performance

The firm has a 50-day simple moving average of $53.88 and a two-hundred day simple moving average of $47.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $138.24 million, a PE ratio of 35.29 and a beta of 0.68.

Sound Financial Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Tuesday, November 12th. Sound Financial Bancorp’s payout ratio is currently 49.67%.

Insider Activity at Sound Financial Bancorp

In other news, Director James E. Sweeney sold 592 shares of Sound Financial Bancorp stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $52.57, for a total transaction of $31,121.44. Following the sale, the director now directly owns 2,942 shares of the company’s stock, valued at approximately $154,660.94. The trade was a 16.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 1,226 shares of company stock worth $65,206. 12.60% of the stock is owned by insiders.

Institutional Trading of Sound Financial Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in Sound Financial Bancorp by 10.9% in the third quarter. State Street Corp now owns 5,095 shares of the bank’s stock valued at $273,000 after acquiring an additional 500 shares during the period. Arcus Capital Partners LLC acquired a new position in Sound Financial Bancorp in the third quarter valued at approximately $503,000. Dimensional Fund Advisors LP boosted its position in shares of Sound Financial Bancorp by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 16,811 shares of the bank’s stock worth $739,000 after buying an additional 1,122 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Sound Financial Bancorp by 6.3% during the third quarter. Geode Capital Management LLC now owns 23,885 shares of the bank’s stock worth $1,278,000 after buying an additional 1,407 shares during the period. 68.85% of the stock is owned by institutional investors.

Sound Financial Bancorp Company Profile

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.