The bank is selling at 1.58X BV which is a modest discount for banks of this size. Many sell at 2X BV.
It could be something as temporary as profit taking...or perhaps Mr. Market expected Q2 to be higher??
Marker:
Wilshire Bancorp, In (WIBC)
$9.405 down -0.325 (-3.34%)
Volume: 476,107
Real genius of moral insight is a motor which will start any engine. ~~ Edmund Wilson
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