Shares of Wilshire Bancorp Inc. (NASDAQ:WIBC) saw unusually-strong trading volume on Friday . Approximately 3,451,703 shares were traded during mid-day trading, an increase of 440% from the previous session’s volume of 639,014 shares.The stock last traded at $10.74 and had previously closed at $10.94.

Separately, Zacks Investment Research lowered Wilshire Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, April 16th.

The company’s 50-day moving average price is $10.77 and its 200-day moving average price is $10.55. The firm has a market capitalization of $847.29 million and a price-to-earnings ratio of 14.63.

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 Zacks’ consensus estimate of $0.20 by $0.02. During the same period in the previous year, the business posted $0.20 EPS. On average, equities research analysts forecast that Wilshire Bancorp Inc. will post $0.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 15th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.24 annualized dividend and a yield of 2.23%.

Several hedge funds and institutional investors have made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of 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 valued at $9,973,000 after buying an additional 6,042 shares during the period. Rhumbline Advisers increased 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 valued at $1,335,000 after buying an additional 5,300 shares in the last quarter. Finally, California State Teachers Retirement System increased 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 valued at $1,510,000 after buying an additional 2,264 shares in 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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