Exclusive: Is Buying All-time Stock Like Sunshine Bancorp Inc a Winning Strategy?

Exclusive: Is Buying All time Stock Like Sunshine Bancorp Inc a Winning Strategy?

The stock of Sunshine Bancorp Inc (NASDAQ:SBCP) reached all time high today, Nov, 24 and still has $16.96 target or 8.00% above today’s $15.70 share price. This indicates more upside for the $127.88 million company. This technical setup was reported by Barchart.com. If the $16.96 PT is reached, the company will be worth $10.23M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 0.19% or $0.03 on November 23, hitting $15.7. About 12,777 shares traded hands or 69.59% up from the average. Sunshine Bancorp Inc (NASDAQ:SBCP) has risen 11.58% since April 22, 2016 and is uptrending. It has outperformed by 6.18% the S&P500.

Analysts await Sunshine Bancorp Inc (NASDAQ:SBCP) to report earnings on January, 25.

According to Zacks Investment Research, “Sunshine Bancorp, Inc. operates as a savings and loan holding company. It offers deposit accounts to consumers and small businesses such as savings, NOW, money market, and certificate of deposit. The company also provides online banking services and remote deposit capture, commercial real estate and business loans. Sunshine Bancorp, Inc. is based in Plant City, Florida.”

Insitutional Activity: The institutional sentiment increased to 2.5 in 2016 Q2. Its up 1.30, from 1.2 in 2016Q1. The ratio improved, as 2 funds sold all Sunshine Bancorp Inc shares owned while 3 reduced positions. 3 funds bought stakes while 3 increased positions. They now own 1.51 million shares or 49.56% less from 2.98 million shares in 2016Q1.
Eidelman Virant Cap last reported 12,500 shares in the company. Jcsd Ltd Limited Liability Company holds 1.41% of its portfolio in Sunshine Bancorp Inc (NASDAQ:SBCP) for 90,440 shares. Vanguard Gp last reported 51,692 shares in the company. Clark Estates holds 17,750 shares or 0.05% of its portfolio. Alliancebernstein L P has invested 0% of its portfolio in Sunshine Bancorp Inc (NASDAQ:SBCP). Deutsche Bancorp Ag last reported 1,000 shares in the company. The Pennsylvania-based Emerald Mutual Fund Advisers Tru has invested 0.04% in Sunshine Bancorp Inc (NASDAQ:SBCP). Bank & Trust Of America Corp De holds 0% of its portfolio in Sunshine Bancorp Inc (NASDAQ:SBCP) for 2 shares. Ejf Cap Ltd Llc holds 0.51% of its portfolio in Sunshine Bancorp Inc (NASDAQ:SBCP) for 384,279 shares. First Manhattan accumulated 0% or 100 shares. Banc Funds Ltd accumulated 210,000 shares or 0.17% of the stock. Seidman Lawrence B last reported 1.72% of its portfolio in the stock. Basswood Cap Mngmt Ltd Liability Company owns 115,453 shares or 0.09% of their US portfolio. Blackrock Fund Advsrs owns 873 shares or 0% of their US portfolio. Knott David M holds 0% or 27,800 shares in its portfolio.

Insider Transactions: Since August 19, 2016, the stock had 7 buys, and 1 insider sale for $510,746 net activity. 1,588 Sunshine Bancorp Inc (NASDAQ:SBCP) shares with value of $23,137 were sold by Weatherford Will. $14,700 worth of Sunshine Bancorp Inc (NASDAQ:SBCP) was bought by SAMUEL ANDREW S.

More notable recent Sunshine Bancorp Inc (NASDAQ:SBCP) news were published by: Businesswire.com which released: “Sunshine Bancorp, Inc. Announces Acquisition of FBC Bancorp, Inc.” on May 10, 2016, also Businesswire.com with their article: “Sunshine Bancorp, Inc. Announces Regulatory Approval and Closing Date” published on October 17, 2016, Businesswire.com published: “Sunshine Bancorp, Inc. and FBC Bancorp Inc. Announce Shareholder Approval of …” on September 29, 2016. More interesting news about Sunshine Bancorp Inc (NASDAQ:SBCP) were released by: Businesswire.com and their article: “Sunshine Bancorp, Inc. Completes Acquisition of Community Southern Holdings, Inc.” published on June 30, 2015 as well as Businesswire.com‘s news article titled: “Sunshine Bancorp, Inc. Announces Regulatory Approval for Merger” with publication date: October 05, 2016.

SBCP Company Profile

Sunshine Bancorp, Inc. (Sunshine Bancorp), incorporated on March 7, 2014, is a savings and loan holding firm 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.

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