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

Sound Financial Bancorp, Inc. (NASDAQ:SFBC)’s stock price passed 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 Stock Performance

The firm has a 50-day moving average of $53.90 and a two-hundred day moving average of $47.27. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $135.19 million, a PE ratio of 34.52 and a beta of 0.68.

Sound Financial Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, November 12th. Sound Financial Bancorp’s dividend payout ratio is presently 49.67%.

Insider Buying and Selling

In related news, Director James E. Sweeney sold 592 shares of the business’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 in the company, valued at approximately $154,660.94. The trade was a 16.75 % decrease in their position. The transaction was disclosed in a 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 corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SFBC. Dimensional Fund Advisors LP raised its stake in Sound Financial Bancorp by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,811 shares of the bank’s stock valued at $739,000 after acquiring an additional 1,122 shares during the last quarter. Arcus Capital Partners LLC acquired a new stake in Sound Financial Bancorp during the 3rd quarter valued at $503,000. Geode Capital Management LLC grew its holdings in Sound Financial Bancorp by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 23,885 shares of the bank’s stock valued at $1,278,000 after buying an additional 1,407 shares during the last quarter. Finally, State Street Corp grew its holdings in Sound Financial Bancorp by 10.9% during the 3rd quarter. State Street Corp now owns 5,095 shares of the bank’s stock valued at $273,000 after buying an additional 500 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

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.