Wilshire Bancorp Inc (WIBC) Releases Earnings Results, Beats Expectations By $0.02 EPS

Wilshire Bancorp Inc (WIBC) reported quarterly earnings results on Monday, Jul-18-2016. The company said it had a profit of $0.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.20. Analysts expectations of $50.64 million. During the same quarter in the previous year, the company posted $0.20 EPS.

Wilshire Bancorp Inc (WIBC) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $11.49 and reached the intraday high at $11.49. The bulls started the profit booking and pushed the shares to intraday low of $11.31. The trading session was marked by a volume range of 3,66,027 shares exchanging hands. The 52-week high of the shares is $13.015 and the 52-week low is $9.4. The market cap of the company stands at $894 M and there are 7,88,57,248 shares in public circulation.

In a different news, on Jul 23, 2015, Jae Whan Yoo (PRESIDENT & CHIEF EXECUTIVE OF) purchased 11,000 shares at $12.11 per share price. According to the SEC, on May 8, 2015, Donald Byun (director) sold 1,387 shares at $10.70 per share price. On Feb 26, 2015, Steven Koh (director) sold 131,314 shares at $9.55 per share price, according to the Form-4 filing with the securities and exchange commission.

Wilshire Bancorp Inc. (Wilshire) is a bank holding company offering a range of financial products and services primarily through its main subsidiary Wilshire Bank (the Bank) a California state-chartered commercial bank. The Bank has 34 full-service branch offices in Southern California Texas New Jersey and the greater New York City metropolitan area. It also has four loan production offices (LPOs) located in California Colorado Georgia and Washington which are utilized for the origination of loans under its Small Business Administration (SBA) lending program. The Company operates a community bank focused on the general commercial banking business with its primary market encompassing Southern California Texas New Jersey and the New York metropolitan area. At December 31 2014 the Company had approximately $4.16 billion in assets $3.32 billion in total loans (net of deferred fees and including loans held-for-sale) and $3.40 billion in deposits.

Wilshire Bancorp Inc

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