Penn Capital Management Co. Inc. lessened its holdings in Sunshine Bancorp Inc (NASDAQ:SBCP) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,514 shares of the bank’s stock after selling 2,192 shares during the period. Penn Capital Management Co. Inc. owned about 1.16% of Sunshine Bancorp worth $2,145,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new stake in Sunshine Bancorp during the 2nd quarter worth approximately $159,000. New York State Common Retirement Fund purchased a new stake in Sunshine Bancorp during the 2nd quarter worth approximately $168,000. OxFORD Asset Management LLP purchased a new stake in Sunshine Bancorp during the 2nd quarter worth approximately $256,000. Schwab Charles Investment Management Inc. purchased a new stake in Sunshine Bancorp during the 2nd quarter worth approximately $273,000. Finally, Teachers Advisors LLC purchased a new stake in shares of Sunshine Bancorp in the second quarter valued at approximately $276,000. Hedge funds and other institutional investors own 40.22% of the company’s stock.
Shares of Sunshine Bancorp Inc (NASDAQ SBCP) opened at $22.94 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $184.13, a P/E ratio of 26.07 and a beta of 0.35. Sunshine Bancorp Inc has a 52-week low of $16.43 and a 52-week high of $24.80.
Separately, ValuEngine lowered Sunshine Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
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Sunshine Bancorp Company Profile
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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