Investors Bancorp (NASDAQ:ISBC) had its price objective boosted by research analysts at Barclays from $14.00 to $15.00 in a note issued to investors on Tuesday, January 2nd, Marketbeat Ratings reports. The brokerage presently has an “underweight” rating on the savings and loans company’s stock. Barclays’ price target would suggest a potential upside of 6.76% from the company’s previous close.
A number of other equities analysts also recently commented on ISBC. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.50 price objective on shares of Investors Bancorp in a research report on Friday, December 22nd. Zacks Investment Research cut Investors Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. BidaskClub downgraded Investors Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Sandler O’Neill downgraded Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Thursday, November 30th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies downgraded Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Investors Bancorp currently has a consensus rating of “Hold” and an average target price of $15.50.
Investors Bancorp (NASDAQ:ISBC) traded up $0.23 during trading on Tuesday, reaching $14.05. The company’s stock had a trading volume of 2,221,500 shares, compared to its average volume of 1,850,129. Investors Bancorp has a 52 week low of $12.48 and a 52 week high of $15.11. The stock has a market capitalization of $4,230.00, a PE ratio of 22.30, a PEG ratio of 1.73 and a beta of 0.53. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.20 and a current ratio of 1.20.
Investors Bancorp (NASDAQ:ISBC) last posted 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 firm had revenue of $179.31 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.15 earnings per share. equities research analysts predict that Investors Bancorp will post 0.59 EPS for the current fiscal year.
In related news, Director Robert C. Albanese sold 5,000 shares of the stock in a transaction on 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.96% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. boosted its stake in Investors Bancorp by 0.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 21,600,876 shares of the savings and loans company’s stock valued at $294,636,000 after acquiring an additional 118,515 shares during the period. State Street Corp raised its holdings in shares of 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 valued at $175,828,000 after buying an additional 688,073 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Investors Bancorp by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 8,021,712 shares of the savings and loans company’s stock valued at $109,416,000 after buying an additional 128,977 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Investors Bancorp by 20.8% during the third quarter. Janus Henderson Group PLC now owns 4,552,071 shares of the savings and loans company’s stock worth $62,090,000 after purchasing an additional 783,442 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its holdings in Investors Bancorp by 0.4% during the third quarter. Rothschild Asset Management Inc. now owns 2,271,803 shares of the savings and loans company’s stock worth $30,987,000 after purchasing an additional 9,689 shares in the last quarter. Institutional investors and hedge funds own 78.52% 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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