Wilshire Bancorp Given New $10.00 Price Target at Sandler O’Neill (WIBC)
Analysts at Sandler O’Neill increased their price target on shares of Wilshire Bancorp (NASDAQ:WIBC) from $9.50 to $10.00 in a research report issued to clients and investors on Wednesday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Sandler O’Neill’s price target would indicate a potential upside of 13.57% from the company’s current price.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Wilshire Bancorp 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $9.50.
Wilshire Bancorp (NASDAQ:WIBC) traded up 0.51% during mid-day trading on Wednesday, hitting $8.805. 295,983 shares of the company’s stock traded hands. 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 $7.17. The company has a market cap of $622.7 million and a price-to-earnings ratio of 8.19.
Wilshire Bancorp (NASDAQ:WIBC) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.21. During the same quarter in the previous year, the company posted $0.54 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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