Sunshine Bancorp, Inc. (SBCP) Posts Earnings Results, Misses Expectations By $0.02 EPS

Sunshine Bancorp, Inc. (NASDAQ:SBCP) released its earnings results on Thursday. The bank reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02), Yahoo Finance reports. The firm had revenue of $9.18 million for the quarter. Sunshine Bancorp had a return on equity of 4.70% and a net margin of 9.53%.

Sunshine Bancorp (SBCP) traded up 1.97% during midday trading on Friday, reaching $24.29. The company had a trading volume of 14,737 shares. The stock has a 50-day moving average price of $22.66 and a 200 day moving average price of $22.17. Sunshine Bancorp has a 12-month low of $14.01 and a 12-month high of $24.29. The company has a market capitalization of $187.42 million, a PE ratio of 53.86 and a beta of 0.41.

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A number of large investors have recently made changes to their positions in the stock. State Street Corp bought a new position in Sunshine Bancorp during the 2nd quarter worth $1,564,000. California State Teachers Retirement System bought a new position in Sunshine Bancorp during the 2nd quarter worth $279,000. Finally, The Manufacturers Life Insurance Company bought a new position in Sunshine Bancorp during the 2nd quarter worth $159,000. 42.05% of the stock is owned by institutional investors and hedge funds.

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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