Media headlines about Investors Bancorp (NASDAQ:ISBC) have trended somewhat positive on Thursday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Investors Bancorp earned a news impact score of 0.11 on Accern’s scale. Accern also gave media coverage about the savings and loans company an impact score of 45.4606619318659 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Investors Bancorp (NASDAQ ISBC) traded up $0.01 on Thursday, hitting $14.17. The stock had a trading volume of 1,087,812 shares, compared to its average volume of 2,534,206. The firm has a market cap of $4,347.44, a P/E ratio of 22.19, a P/E/G ratio of 2.01 and a beta of 0.68. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.42. Investors Bancorp has a fifty-two week low of $12.48 and a fifty-two week high of $15.11.
Investors Bancorp (NASDAQ:ISBC) last announced its earnings results on Thursday, October 26th. The savings and loans company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $179.31 million for the quarter, compared to the consensus estimate of $178.16 million. Investors Bancorp had a return on equity of 5.84% and a net margin of 20.55%. During the same period in the previous year, the business earned $0.15 EPS. sell-side analysts anticipate that Investors Bancorp will post 0.59 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were issued a $0.09 dividend. This is an increase from Investors Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, November 9th. Investors Bancorp’s payout ratio is presently 56.25%.
Several equities research analysts have recently weighed in on ISBC shares. Zacks Investment Research upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods lowered Investors Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Barclays upped their price objective on Investors Bancorp from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Monday, October 30th. Piper Jaffray Companies lowered Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Wednesday, November 29th. Finally, Sandler O’Neill lowered Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Thursday, November 30th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Investors Bancorp has a consensus rating of “Hold” and an average price target of $15.31.
In other news, Director Robert C. Albanese sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $13.62, for a total value of $68,100.00. Following the transaction, the director now directly owns 157,188 shares of the company’s stock, valued at approximately $2,140,900.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis M. Bone sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $13.25, for a total value of $99,375.00. Following the completion of the transaction, the director now directly owns 172,644 shares in the company, valued at $2,287,533. The disclosure for this sale can be found here. 2.96% of the stock is owned by insiders.
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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.
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