Wilshire Bancorp Inc. (WIBC) Plans Quarterly Dividend of $0.03
Wilshire Bancorp (NASDAQ:WIBC) announced a quarterly dividend on Tuesday, September 10th, Analyst Ratings Network reports. Investors of record on Monday, September 30th will be paid a dividend of $0.03 per share on Tuesday, October 15th. This represents a $0.12 annualized dividend and a dividend yield of 1.42%.
A number of analysts have recently weighed in on WIBC shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Wilshire Bancorp (NASDAQ:WIBC) from $8.00 to $9.00 in a research note to investors on Friday, August 23rd. They now have a “market perform” rating on the stock. On a related note, analysts at Sandler O’Neill raised their price target on shares of Wilshire Bancorp (NASDAQ:WIBC) from $8.50 to $9.50 in a research note to investors on Wednesday, July 24th. They now have a “buy” rating on the stock. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Wilshire Bancorp (NASDAQ:WIBC) in a research note to investors on Wednesday, July 24th. They now have a $10.00 price target on the stock, up previously from $9.00.
Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Wilshire Bancorp presently has an average rating of “Buy” and an average price target of $9.38.
Wilshire Bancorp (NASDAQ:WIBC) opened at 8.43 on Wednesday. Wilshire Bancorp has a one year low of $5.55 and a one year high of $9.05. The stock has a 50-day moving average of $8.60 and a 200-day moving average of $7.14. The company has a market cap of $596.2 million and a price-to-earnings ratio of 7.88.
Wilshire Bancorp (NASDAQ:WIBC) last announced its earnings results on Monday, July 22nd. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.01. During the same quarter last year, the company posted $0.31 earnings per share. Analysts expect that Wilshire Bancorp will post $0.63 EPS for the current fiscal year.
Wilshire Bancorp, Inc is a bank holding company offering a range of financial products and services primarily through its main subsidiary, Wilshire State Bank (NASDAQ:WIBC), a California state-chartered commercial bank.
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