Investors Bancorp (NASDAQ:ISBC)‘s stock had its “hold” rating reissued by analysts at Keefe, Bruyette & Woods in a research report issued on Friday, December 22nd. They presently have a $15.50 price objective on the savings and loans company’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 7.94% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub cut shares of Investors Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. 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 report on Thursday, November 30th. They noted that the move was a valuation call. Piper Jaffray Companies cut shares of Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Wednesday, November 29th. Finally, Barclays increased their target price on shares of Investors Bancorp from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Investors Bancorp has a consensus rating of “Hold” and an average price target of $15.50.
Investors Bancorp (ISBC) traded up $0.05 during midday trading on Friday, hitting $14.36. 1,517,100 shares of the stock were exchanged, compared to its average volume of 2,306,502. The firm has a market capitalization of $4,396.43, a P/E ratio of 22.44, a PEG ratio of 1.65 and a beta of 0.68. Investors Bancorp has a 12 month low of $12.48 and a 12 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.
Investors Bancorp (NASDAQ:ISBC) last issued its earnings results on Thursday, October 26th. The savings and loans company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. Investors Bancorp had a net margin of 20.55% and a return on equity of 5.84%. The business had revenue of $179.31 million for the quarter, compared to the consensus estimate of $178.16 million. During the same period in the previous year, the company earned $0.15 earnings per share. sell-side analysts predict that Investors Bancorp will post 0.59 earnings per share for the current fiscal year.
In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $13.94, for a total transaction of $69,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.96% of the company’s stock.
Several institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC bought a new position in shares of Investors Bancorp during the 3rd quarter worth approximately $187,000. Cubist Systematic Strategies LLC bought a new position in shares of Investors Bancorp in the 3rd quarter worth $316,000. Beacon Investment Advisory Services Inc. lifted its holdings in shares of Investors Bancorp by 118.0% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 730,076 shares of the savings and loans company’s stock worth $9,958,000 after purchasing an additional 395,181 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Investors Bancorp by 20.8% in the 3rd 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, Jane Street Group LLC lifted its holdings in shares of Investors Bancorp by 36.2% in the 3rd quarter. Jane Street Group LLC now owns 44,680 shares of the savings and loans company’s stock worth $609,000 after purchasing an additional 11,885 shares in the last quarter. Hedge funds and other institutional investors own 78.52% of the company’s stock.
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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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