Investors Bancorp, Inc. (ISBC) Position Boosted by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC raised its stake in shares of Investors Bancorp, Inc. (NASDAQ:ISBC) by 360.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 194,686 shares of the savings and loans company’s stock after purchasing an additional 152,404 shares during the period. Investors Bancorp accounts for 0.7% of Quantitative Systematic Strategies LLC’s portfolio, making the stock its 10th largest position. Quantitative Systematic Strategies LLC owned about 0.07% of Investors Bancorp worth $2,656,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Investors Bancorp by 1.0% during the first quarter. Vanguard Group Inc. now owns 23,424,889 shares of the savings and loans company’s stock worth $336,850,000 after buying an additional 238,306 shares during the period. BlackRock Inc. grew its stake in Investors Bancorp by 24,033.7% during the first quarter. BlackRock Inc. now owns 19,801,226 shares of the savings and loans company’s stock worth $284,740,000 after buying an additional 19,719,178 shares during the period. State Street Corp grew its stake in Investors Bancorp by 5.5% during the second quarter. State Street Corp now owns 13,160,460 shares of the savings and loans company’s stock worth $175,828,000 after buying an additional 688,073 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Investors Bancorp by 80.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 8,881,755 shares of the savings and loans company’s stock worth $118,659,000 after buying an additional 3,950,175 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Investors Bancorp by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 7,892,735 shares of the savings and loans company’s stock worth $105,449,000 after buying an additional 88,113 shares during the period. 74.21% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on ISBC shares. BidaskClub downgraded shares of Investors Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Investors Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Royal Bank Of Canada reiterated a “buy” rating and set a $16.00 price objective on shares of Investors Bancorp in a research note on Friday, July 7th. Piper Jaffray Companies reiterated a “buy” rating and set a $15.00 price objective on shares of Investors Bancorp in a research note on Thursday, August 3rd. Finally, Stephens set a $16.00 price objective on shares of Investors Bancorp and gave the stock a “buy” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.08.

COPYRIGHT VIOLATION NOTICE: “Investors Bancorp, Inc. (ISBC) Position Boosted by Quantitative Systematic Strategies LLC” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/20/investors-bancorp-inc-isbc-position-boosted-by-quantitative-systematic-strategies-llc.html.

In other news, Director Robert M. Cashill sold 25,000 shares of Investors Bancorp stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $13.08, for a total value of $327,000.00. Following the transaction, the director now owns 756,902 shares of the company’s stock, valued at $9,900,278.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dennis M. Bone sold 7,500 shares of Investors Bancorp stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $13.25, for a total transaction of $99,375.00. Following the completion of the transaction, the director now directly owns 172,644 shares in the company, valued at approximately $2,287,533. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,000 shares of company stock worth $788,100. Insiders own 2.96% of the company’s stock.

Investors Bancorp, Inc. (ISBC) traded up 0.58% during midday trading on Friday, reaching $13.84. 2,505,676 shares of the company’s stock traded hands. The company’s 50-day moving average price is $13.44 and its 200 day moving average price is $13.47. Investors Bancorp, Inc. has a 52 week low of $11.58 and a 52 week high of $15.11. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 21.59 and a beta of 0.69.

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Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Investors Bancorp by 1.0% during the first quarter. Vanguard Group Inc. now owns 23,424,889 shares of the savings and loans company’s stock worth $336,850,000 after buying an additional 238,306 shares during the period. BlackRock Inc. grew its stake in Investors Bancorp by 24,033.7% during the first quarter. BlackRock Inc. now owns 19,801,226 shares of the savings and loans company’s stock worth $284,740,000 after buying an additional 19,719,178 shares during the period. State Street Corp grew its stake in Investors Bancorp by 5.5% during the second quarter. State Street Corp now owns 13,160,460 shares of the savings and loans company’s stock worth $175,828,000 after buying an additional 688,073 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Investors Bancorp by 80.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 8,881,755 shares of the savings and loans company’s stock worth $118,659,000 after buying an additional 3,950,175 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Investors Bancorp by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 7,892,735 shares of the savings and loans company’s stock worth $105,449,000 after buying an additional 88,113 shares during the period. 74.21% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on ISBC shares. BidaskClub downgraded shares of Investors Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Investors Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Royal Bank Of Canada reiterated a “buy” rating and set a $16.00 price objective on shares of Investors Bancorp in a research note on Friday, July 7th. Piper Jaffray Companies reiterated a “buy” rating and set a $15.00 price objective on shares of Investors Bancorp in a research note on Thursday, August 3rd. Finally, Stephens set a $16.00 price objective on shares of Investors Bancorp and gave the stock a “buy” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.08.

COPYRIGHT VIOLATION NOTICE: “Investors Bancorp, Inc. (ISBC) Position Boosted by Quantitative Systematic Strategies LLC” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/20/investors-bancorp-inc-isbc-position-boosted-by-quantitative-systematic-strategies-llc.html.

In other news, Director Robert M. Cashill sold 25,000 shares of Investors Bancorp stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $13.08, for a total value of $327,000.00. Following the transaction, the director now owns 756,902 shares of the company’s stock, valued at $9,900,278.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dennis M. Bone sold 7,500 shares of Investors Bancorp stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $13.25, for a total transaction of $99,375.00. Following the completion of the transaction, the director now directly owns 172,644 shares in the company, valued at approximately $2,287,533. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,000 shares of company stock worth $788,100. Insiders own 2.96% of the company’s stock.

Investors Bancorp, Inc. (ISBC) traded up 0.58% during midday trading on Friday, reaching $13.84. 2,505,676 shares of the company’s stock traded hands. The company’s 50-day moving average price is $13.44 and its 200 day moving average price is $13.47. Investors Bancorp, Inc. has a 52 week low of $11.58 and a 52 week high of $15.11. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 21.59 and a beta of 0.69.

Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $176.38 million for the quarter, compared to the consensus estimate of $179.25 million. Investors Bancorp had a net margin of 20.91% and a return on equity of 5.79%. During the same period in the previous year, the business posted $0.15 EPS. On average, equities research analysts expect that Investors Bancorp, Inc. will post $0.56 earnings per share for the current year.

Investors Bancorp Company Profile

Investors Bancorp, Inc is a holding company for Investors Bank (the Bank). The Bank is a chartered savings bank. The Company is in the business of attracting deposits from the public through its branch network and borrowing funds in the wholesale markets to originate loans and to invest in securities.

Institutional Ownership by Quarter for Investors Bancorp (NASDAQ:ISBC)

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