Shares of Investors Bancorp, Inc. (NASDAQ:ISBC) have been given a consensus rating of “Hold” by the nine brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $15.21.
ISBC has been the subject of several recent research reports. Barclays boosted their price target on Investors Bancorp from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Monday, October 30th. Zacks Investment Research raised Investors Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub lowered Investors Bancorp from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Sandler O’Neill reissued a “hold” rating and set a $15.00 price target on shares of Investors Bancorp in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.50 price target on shares of Investors Bancorp in a report on Friday, December 22nd.
Investors Bancorp (NASDAQ:ISBC) traded up $0.18 during trading hours on Wednesday, reaching $13.85. The company’s stock had a trading volume of 1,142,765 shares, compared to its average volume of 2,598,213. Investors Bancorp has a twelve month low of $12.48 and a twelve month high of $15.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $4,184.74, a price-to-earnings ratio of 31.48, a PEG ratio of 1.50 and a beta of 0.67.
Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Investors Bancorp had a return on equity of 5.69% and a net margin of 13.82%. The business had revenue of $182.91 million during the quarter, compared to analyst estimates of $181.14 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. equities analysts anticipate that Investors Bancorp will post 0.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.60%. Investors Bancorp’s payout ratio is 81.82%.
In other news, Director Robert C. Albanese sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $13.94, for a total value of $69,700.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William V. Cosgrove sold 100,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $13.38, for a total value of $1,338,000.00. The disclosure for this sale can be found here. 2.96% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new stake in shares of Investors Bancorp in the second quarter worth about $216,000. Bank of Montreal Can lifted its position in shares of Investors Bancorp by 325.3% in the fourth quarter. Bank of Montreal Can now owns 2,585,909 shares of the savings and loans company’s stock worth $35,892,000 after buying an additional 1,977,898 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of Investors Bancorp in the fourth quarter worth about $125,000. Fox Run Management L.L.C. lifted its position in shares of Investors Bancorp by 113.1% in the fourth quarter. Fox Run Management L.L.C. now owns 23,650 shares of the savings and loans company’s stock worth $328,000 after buying an additional 12,550 shares in the last quarter. Finally, Independent Investors Inc. purchased a new stake in shares of Investors Bancorp in the third quarter worth about $697,000. Institutional investors own 75.92% of the company’s stock.
About Investors Bancorp
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.
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