Wilshire Bancorp Inc. (NASDAQ:WIBC) saw an uptick in trading volume on Friday . 3,451,703 shares changed hands 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 downgraded Wilshire Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, April 16th.

The stock has a market cap of $847.29 million and a PE ratio of 14.63. The stock’s 50 day moving average is $10.77 and its 200-day moving average is $10.55.

Wilshire Bancorp (NASDAQ:WIBC) last released 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 previous year, the company earned $0.20 earnings per share. 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. Shareholders of record on Wednesday, June 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Monday, June 13th.

A number of institutional investors recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position 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 during the last quarter. 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 valued at $1,510,000 after buying an additional 2,264 shares during the period. Finally, 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 valued at $9,973,000 after buying an additional 6,042 shares during the period.

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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