Wilshire Bancorp (WIBC) Plans Quarterly Dividend of $0.03

Wilshire Bancorp (NASDAQ:WIBC) declared a quarterly dividend on Tuesday, June 4th, Analyst Ratings.Net reports. Stockholders of record on Sunday, June 30th will be given a dividend of $0.03 per share on Monday, July 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.82%.

Several analysts have also recently commented on the stock. 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. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Wilshire Bancorp from $6.50 to $7.00 in a research note to investors on Wednesday, May 1st.

Shares of Wilshire Bancorp (NASDAQ: WIBC) opened at 6.58 on Wednesday. Wilshire Bancorp has a 52 week low of $4.67 and a 52 week high of $6.80. The stock’s 50-day moving average is currently $6.40. The company has a market cap of $469.1 million and a P/E ratio of 5.39.

Wilshire Bancorp (NASDAQ: WIBC) last issued its quarterly earnings data on Monday, April 22nd. The company reported $0.16 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.25 earnings per share. Wilshire Bancorp’s revenue was up 11.1% compared to the same quarter last year. On average, analysts predict that Wilshire Bancorp will post $0.63 earnings per share 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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