Sunshine Bancorp Inc (SBCP) is Initiated by Hovde Group to Outperform, Price Target at $20

Sunshine Bancorp Inc (SBCP) was Initiated by Hovde Group to “Outperform” and the brokerage firm has set the Price Target at $20. Hovde Group advised their investors in a research report released on Dec 1, 2016.

Sunshine Bancorp Inc opened for trading at $15.95 and hit $16.66 on the upside on Tuesday, eventually ending the session at $16.5, with a gain of 4.43% or 0.7 points. The heightened volatility saw the trading volume jump to 6,914 shares. Company has a market cap of $132 M.

In a different news, on Oct 31, 2016, Will Weatherford (director) purchased 3,500 shares at $14.53 per share price. According to the SEC, on Sep 16, 2016, Andrew S Samuel (CEO) purchased 1,000 shares at $14.70 per share price. On May 4, 2016, Kenneth H. Compton (director) purchased 1,250 shares at $14.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Sunshine Bancorp Inc. is a savings and loan holding company that owns Sunshine Bank (the Bank) which is a federal stock savings bank. Its 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 multi-family real estate land and construction and consumer loans. It also invests in securities which consist primarily of the United States Treasury securities the United States Government agency securities the United States Government sponsored enterprise mortgage-backed securities and securities and obligations of the United States Government-sponsored enterprises and the Federal Home Loan Bank. It offers a range of deposit accounts including savings accounts negotiable order of withdrawal (NOW) accounts money market accounts and certificate of deposit accounts.

Sunshine Bancorp Inc

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