Trade-Ideas LLC identified
) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Wilshire Bancorp as such a stock due to the following factors:
- WIBC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $6.4 million.
- WIBC has traded 88,809 shares today.
- WIBC is trading at 2.33 times the normal volume for the stock at this time of day.
- WIBC is trading at a new high 5.01% above yesterday's close.
'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.
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More details on WIBC:
Wilshire Bancorp, Inc. operates as the holding company for Wilshire Bank that offers a range of financial products and services. The company operates in three segments: Banking Operations, Small Business Administration Lending Services, and Trade Finance Services. The stock currently has a dividend yield of 2.5%. WIBC has a PE ratio of 12. Currently there are 2 analysts that rate Wilshire Bancorp a buy, no analysts rate it a sell, and 4 rate it a hold.
The average volume for Wilshire Bancorp has been 787,900 shares per day over the past 30 days. Wilshire has a market cap of $790.7 million and is part of the financial sector and banking industry. The stock has a beta of 1.32 and a short float of 2.6% with 2.43 days to cover. Shares are down 12.9% year-to-date as of the close of trading on Wednesday.
rates Wilshire Bancorp as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- WIBC's revenue growth has slightly outpaced the industry average of 2.7%. Since the same quarter one year prior, revenues slightly increased by 6.4%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- WILSHIRE BANCORP INC's earnings per share declined by 10.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, WILSHIRE BANCORP INC increased its bottom line by earning $0.79 versus $0.75 in the prior year. This year, the market expects an improvement in earnings ($0.83 versus $0.79).
- The gross profit margin for WILSHIRE BANCORP INC is currently very high, coming in at 87.13%. Regardless of WIBC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 24.81% trails the industry average.
- Compared to where it was trading a year ago, WIBC's share price has not changed very much due to (a) the relatively weak year-over-year performance of the overall market, (b) the company's stagnant earnings, and (c) other mixed results. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Commercial Banks industry and the overall market on the basis of return on equity, WILSHIRE BANCORP INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
- You can view the full Wilshire Bancorp Ratings Report.