Wilshire Bancorp (WIBC) Shares Slide -4.11%

Wilshire Bancorp (WIBC) has risen sharply, recording gains of 5.09% in the past 4 weeks. However, the stock has corrected -4.11% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.67% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.3% and the 50-Day Moving Average is 1.54%. Wilshire Bancorp Inc. is up 0.26% in the last 3-month period. Year-to-Date the stock performance stands at -5.95%.


Wilshire Bancorp (NASDAQ:WIBC): On Fridays trading session , Opening price of the stock was $10.99 with an intraday high of $11. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.7. However, the stock managed to close at $10.74, a loss of 1.83% for the day. On the previous day, the stock had closed at $10.94. The total traded volume of the day was 2,353,077 shares.

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.

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