JPMorgan Chase & Co. Increases Position in Wilshire Bancorp Inc (WIBC)
JPMorgan Chase & Co. boosted its position in shares of Wilshire Bancorp Inc (NASDAQ:WIBC) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,876,950 shares of the financial services provider’s stock after buying an additional 84,228 shares during the period. JPMorgan Chase & Co.’s holdings in Wilshire Bancorp were worth $29,977,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in shares of Wilshire Bancorp by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the financial services provider’s stock worth $327,000 after buying an additional 100 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Wilshire Bancorp during the second quarter worth $459,000. Nordea Investment Management AB raised its stake in shares of Wilshire Bancorp by 296.5% in the second quarter. Nordea Investment Management AB now owns 58,496 shares of the financial services provider’s stock worth $610,000 after buying an additional 43,744 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Wilshire Bancorp during the first quarter worth $167,000. Finally, Arizona State Retirement System raised its stake in shares of Wilshire Bancorp by 3.4% in the first quarter. Arizona State Retirement System now owns 36,307 shares of the financial services provider’s stock worth $374,000 after buying an additional 1,200 shares in the last quarter.
Shares of Wilshire Bancorp Inc (NASDAQ:WIBC) remained flat at $10.74 during mid-day trading on Wednesday. Wilshire Bancorp Inc has a one year low of $9.40 and a one year high of $12.63. The company has a 50-day moving average price of $10.77 and a 200 day moving average price of $10.55.
Wilshire Bancorp (NASDAQ:WIBC) last announced its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. During the same quarter last year, the business posted $0.20 earnings per share. On average, equities research analysts expect that Wilshire Bancorp Inc will post $0.77 EPS for the current year.
About Wilshire Bancorp
Wilshire Bancorp, Inc (Wilshire) is a bank holding company, which offers a range of financial products and services primarily through its subsidiary, Wilshire Bank (the Bank), a California state-chartered commercial bank. The Bank has over 35 full-service branch offices in Southern California, Texas, Alabama, Georgia, New Jersey and the greater New York City metropolitan area.
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