First PacTrust Bancorp Given New $14.00 Price Target at Wunderlich (FPTB)

First PacTrust Bancorp (NASDAQ: FPTB) had its target price trimmed by Wunderlich from $16.00 to $14.00 in a report issued on Monday. They currently have a buy rating on the stock.

The company also recently declared a quarterly dividend, which is scheduled for Monday, April 1st. Investors of record on Monday, March 18th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of Infinity.

FPTB has been the subject of a number of other recent research reports. Analysts at Robert W. Baird downgraded shares of First PacTrust Bancorp from an outperform rating to a neutral rating in a research note to investors on Monday.

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