Sunshine Bancorp (NASDAQ:SBCP) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Sunshine Bancorp (SBCP) traded down $0.04 on Friday, hitting $23.94. The company had a trading volume of 10,967 shares, compared to its average volume of 26,495. 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 firm has a market capitalization of $192.47, a price-to-earnings ratio of 27.25 and a beta of 0.40. Sunshine Bancorp has a fifty-two week low of $15.73 and a fifty-two week high of $24.56.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Sunshine Bancorp during the second quarter valued at $159,000. New York State Common Retirement Fund purchased a new position in Sunshine Bancorp during the second quarter worth about $168,000. Mesirow Financial Investment Management Inc. purchased a new position in Sunshine Bancorp during the second quarter worth about $212,000. Navellier & Associates Inc purchased a new position in Sunshine Bancorp during the second quarter worth about $212,000. Finally, PDT Partners LLC purchased a new position in Sunshine Bancorp during the second quarter worth about $213,000. 44.20% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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