News headlines about Investors Bancorp (NASDAQ:ISBC) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Investors Bancorp earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the savings and loans company an impact score of 46.0141737965767 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of equities analysts have recently commented on ISBC shares. Zacks Investment Research raised shares of Investors Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Piper Jaffray Companies lowered shares of Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price target on the stock. in a report on Wednesday, November 29th. Keefe, Bruyette & Woods lowered shares of Investors Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Barclays upped their price objective on shares of Investors Bancorp from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Monday, October 30th. Finally, Sandler O’Neill cut shares of Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Thursday, November 30th. They noted that the move was a valuation call. Two 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. The stock has a consensus rating of “Hold” and a consensus price target of $15.31.
Shares of Investors Bancorp (ISBC) traded up $0.01 on Thursday, reaching $14.17. 1,087,812 shares of the company’s stock traded hands, compared to its average volume of 2,534,206. The stock has a market cap of $4,347.44, a PE 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 quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The business had revenue of $179.31 million during the quarter, compared to analysts’ expectations of $178.16 million. Investors Bancorp had a net margin of 20.55% and a return on equity of 5.84%. During the same quarter in the prior year, the company posted $0.15 EPS. analysts predict that Investors Bancorp will post 0.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.36 annualized dividend and a yield of 2.54%. This is a boost from Investors Bancorp’s previous quarterly dividend of $0.08. Investors Bancorp’s dividend payout ratio is presently 56.25%.
In other news, Director Robert C. Albanese sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $13.62, for a total value of $68,100.00. Following the completion of the sale, the director now directly owns 157,188 shares of the company’s stock, valued at approximately $2,140,900.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dennis M. Bone sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $13.25, for a total transaction of $99,375.00. Following the completion of the sale, the director now directly owns 172,644 shares of the company’s stock, valued at $2,287,533. The disclosure for this sale can be found here. Corporate insiders own 2.96% of the company’s stock.
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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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