ValuEngine lowered shares of Sunshine Bancorp (NASDAQ:SBCP) from a buy rating to a hold rating in a research note released on Friday.

Sunshine Bancorp (SBCP) traded up $0.41 on Friday, reaching $24.35. The company had a trading volume of 84,700 shares, compared to its average volume of 36,621. Sunshine Bancorp has a twelve month low of $15.73 and a twelve month high of $24.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.48. The company has a market cap of $192.15, a PE ratio of 27.20 and a beta of 0.40.

Sunshine Bancorp (NASDAQ:SBCP) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $9.18 million for the quarter. Sunshine Bancorp had a return on equity of 5.40% and a net margin of 11.90%.

A number of hedge funds have recently bought and sold shares of SBCP. Bank of New York Mellon Corp raised its position in shares of Sunshine Bancorp by 18.8% during the third quarter. Bank of New York Mellon Corp now owns 23,489 shares of the bank’s stock worth $546,000 after acquiring an additional 3,711 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Sunshine Bancorp by 23.5% in the second quarter. Stifel Financial Corp now owns 19,830 shares of the bank’s stock worth $423,000 after purchasing an additional 3,779 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Sunshine Bancorp in the second quarter worth about $159,000. New York State Common Retirement Fund bought a new stake in shares of Sunshine Bancorp in the second quarter worth about $168,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Sunshine Bancorp in the second quarter worth about $212,000. Hedge funds and other institutional investors own 44.20% of the company’s stock.

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About Sunshine Bancorp

Sunshine Bancorp, Inc (Sunshine Bancorp) is a savings and loan holding company for Sunshine Bank (the Bank). The Bank is a federal stock savings bank. The Bank’s principal business consists of attracting retail deposits from the general public in its market area and investing those deposits, together with funds generated from operations, in commercial real estate loans, commercial business loans, and to a lesser extent, multi-family real estate, land and construction and consumer loans.

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