Wilshire Bancorp Inc. (WIBC) Trading Down 1.1%
Wilshire Bancorp Inc. (NASDAQ:WIBC) shares were down 1.1% during mid-day trading on Wednesday . The company traded as low as $11.08 and last traded at $11.13, with a volume of 132,725 shares changing hands. The stock had previously closed at $11.25.
Separately, Zacks Investment Research lowered shares of Wilshire Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, April 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Wilshire Bancorp has an average rating of “Hold” and an average price target of $13.13.
The firm’s 50-day moving average price is $10.85 and its 200 day moving average price is $10.55. The company has a market cap of $872.16 million and a PE ratio of 15.58.
Wilshire Bancorp (NASDAQ:WIBC) last issued its quarterly earnings data on Monday, July 18th. The financial services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. During the same period in the prior year, the firm earned $0.20 EPS. On average, equities research analysts expect that Wilshire Bancorp Inc. will post $0.77 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Monday, June 13th.
Several large investors have added to or reduced their stakes in WIBC. Alpha Omega Wealth Management LLC acquired a new stake in Wilshire Bancorp during the fourth quarter worth approximately $1,651,000. PNC Financial Services Group Inc. boosted its stake in Wilshire Bancorp by 20.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 262,892 shares of the financial services provider’s stock worth $3,036,000 after buying an additional 43,854 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Wilshire Bancorp by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 863,503 shares of the financial services provider’s stock worth $9,973,000 after buying an additional 6,042 shares during the last quarter. Rhumbline Advisers boosted its stake in Wilshire Bancorp by 4.8% in the fourth quarter. Rhumbline Advisers now owns 115,561 shares of the financial services provider’s stock worth $1,335,000 after buying an additional 5,300 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Wilshire Bancorp by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 130,758 shares of the financial services provider’s stock worth $1,510,000 after buying an additional 2,264 shares during the last quarter.
Wilshire Bancorp, Inc (Wilshire) is a bank holding company offering a range of financial products and services primarily through its main subsidiary Wilshire Bank (the Bank), a California state-chartered commercial bank. The Bank has 34 full-service branch offices in Southern California, Texas, New Jersey and the greater New York City metropolitan area.
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