Sunshine Bancorp, Inc: Rmb Capital Management Makes Purchase

February 14, 2018 - By Vivian Park

 Sunshine Bancorp, Inc: Rmb Capital Management Makes Purchase

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 2.04, from 3.08 in 2017Q2. It worsened, as 12 investors sold Sunshine Bancorp, Inc. shares while 13 reduced holdings. 10 funds opened positions while 16 raised stakes. 3.13 million shares or 49.78% less from 6.24 million shares in 2017Q2 were reported.

Blackrock owns 342,140 shares. Mendon Capital Advsrs Corp has invested 0.7% in Sunshine Bancorp, Inc. (NASDAQ:SBCP). Nationwide Fund Advsrs invested in 4,133 shares. Emerald Mutual Fund Advisers invested 0.1% of its portfolio in Sunshine Bancorp, Inc. (NASDAQ:SBCP). Commercial Bank Of Mellon owns 23,489 shares or 0% of their US portfolio. Barclays Pcl reported 341 shares. State Street Corporation holds 91,130 shares or 0% of its portfolio. Fj Mngmt Limited Liability invested 0.12% in Sunshine Bancorp, Inc. (NASDAQ:SBCP). Knott David M reported 27,800 shares. Rmb Management Ltd has invested 0.14% in Sunshine Bancorp, Inc. (NASDAQ:SBCP). California State Teachers Retirement Sys holds 0% in Sunshine Bancorp, Inc. (NASDAQ:SBCP) or 12,100 shares. Gabelli Funds invested in 21,300 shares or 0% of the stock. Manufacturers Life The, Ontario – Canada-based fund reported 6,886 shares. Kennedy Cap Mgmt holds 0.1% of its portfolio in Sunshine Bancorp, Inc. (NASDAQ:SBCP) for 240,060 shares. Renaissance Tech Limited Com accumulated 158,100 shares or 0% of the stock.

The New Rmb Capital Management Holding in Sunshine Bancorp, Inc

Rmb Capital Management reported SC 13G form with the SEC for Sunshine Bancorp, Inc. Access it here: 000117266118000475. As reported by Rmb Capital Management, the filler owns 6.5% or 524,315 shares of the -company.

Sunshine Bancorp, Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Rmb Capital Management’s positive view for Sunshine Bancorp, Inc. For a hedge fund managing $3.98 billion in assets and having 75+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Rmb Capital Management’s portfolio is in the sector.

Sunshine Bancorp, Inc Institutional Sentiment

Filings show 11 investors own Sunshine Bancorp, Inc. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 50397. 723856 were owned by these investors. 1 funds opened new Sunshine Bancorp, Inc stakes, 2 increased positions. There were 1 that closed positions and 2 reduced them.

Emerald Mutual Fund Advisers Trust is an investor bullish on Sunshine Bancorp, Inc, owning 49746 shares as of Q3 2015 for 0.04% of its portfolio. Rmb Capital Management Llc owns 122940 shares or 0.11% of its portfolio. NY Knott David M have less than 0.01% of its portfolio for 27800 shares. Further, Clark Estates Inc reported stake worth 0.03% of its portfolio. The NJ Seidman Lawrence B owns 153351 shares. Sunshine Bancorp, Inc is 1.43% of its portfolio.

Business 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. The Bank offers online banking services and remote deposit capture. It offers commercial term loans, lines of credit, agricultural production, equipment financing and revolving lines of credit. The Bank offers a range of deposit accounts, including noninterest-bearing demand accounts, interest-bearing demand accounts, money market accounts, savings accounts and time deposits.

SEC Form 13G.

Rmb Capital Management website.

The stock decreased 0.74% or $0.17 during the last trading session, reaching $22.94. About 148,273 shares traded or 398.33% up from the average. Sunshine Bancorp, Inc. (NASDAQ:SBCP) has risen 64.09% since February 14, 2017 and is uptrending. It has outperformed by 47.39% the S&P500.

Sunshine Bancorp, Inc. operates as the holding firm for Sunshine Bank that provides financial services to individuals, families, and businesses. The company has market cap of $184.12 million. The firm accepts various deposit accounts, such as interest-bearing and noninterest-bearing demand and checking, money market, and savings accounts; time deposits; and certificates of deposit. It has a 38.95 P/E ratio. The Company’s loan products include commercial real estate and multi-family loans; one-to-four family residential real estate loans; commercial business loans, such as term loans, lines of credit, agricultural production, equipment financing, and revolving lines of credit; construction and land loans; home equity loans comprising revolving lines of credit, and term or second mortgage loans; and consumer loans.

More notable recent Sunshine Bancorp, Inc. (NASDAQ:SBCP) news were published by: Businesswire.com which released: “Sunshine Bancorp, Inc. Announces Regulatory Approval for Merger” on October 05, 2016, also Businesswire.com with their article: “Sunshine Bancorp, Inc. Completes Acquisition of FBC Bancorp, Inc.” published on November 01, 2016, Prnewswire.com published: “SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of …” on October 21, 2017. More interesting news about Sunshine Bancorp, Inc. (NASDAQ:SBCP) were released by: Businesswire.com and their article: “Sunshine Bancorp, Inc. Announces Acquisition of FBC Bancorp, Inc.” published on May 10, 2016 as well as Streetinsider.com‘s news article titled: “Centerstate Banks (CSFL) to Acquire HCBF Holding and Sunshine Bancorp in Florida” with publication date: August 14, 2017.

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