Analysts at Keefe, Bruyette & Woods hoisted their price target on shares of Wilshire Bancorp (NASDAQ: WIBC) from $7.00 to $8.00 in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports.
Wilshire Bancorp (NASDAQ: WIBC) traded up 1.78% on Wednesday, hitting $8.00. Wilshire Bancorp has a 1-year low of $5.30 and a 1-year high of $7.87. The stock’s 50-day moving average is currently $6.88. The company has a market cap of $570.4 million and a price-to-earnings ratio of 6.44.
Wilshire Bancorp (NASDAQ: WIBC) last issued its quarterly earnings data on Monday, April 22nd. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.16. The company had revenue of $34.30 million for the quarter, compared to the consensus estimate of $31.79 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that Wilshire Bancorp will post $0.63 EPS for the current fiscal year.
Separately, analysts at FIG Partners downgraded shares of Wilshire Bancorp from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, May 3rd.
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.