BidaskClub downgraded shares of Investors Bancorp (NASDAQ:ISBC) from a hold rating to a sell rating in a research note released on Friday, January 5th.
Several other brokerages have also recently issued reports on ISBC. Zacks Investment Research raised shares of Investors Bancorp from a sell rating to a hold rating in a report on Tuesday, September 12th. Keefe, Bruyette & Woods reissued a hold rating and set a $15.50 price objective on shares of Investors Bancorp in a report on Friday, December 22nd. Barclays boosted their price objective on shares of Investors Bancorp from $14.00 to $15.00 and gave the company an underweight rating in a report on Tuesday, January 2nd. 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 report on Wednesday, November 29th. Finally, Sandler O’Neill lowered shares of Investors Bancorp from a buy rating to a hold rating and set a $16.00 target price for the company. in a research report on Thursday, November 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Investors Bancorp has a consensus rating of Hold and an average price target of $15.50.
Shares of Investors Bancorp (NASDAQ ISBC) traded up $0.05 on Friday, hitting $14.36. 1,517,100 shares of the stock were exchanged, compared to its average volume of 1,875,600. The company has a market cap of $4,396.42, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.68. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.20 and a quick ratio of 1.20. Investors Bancorp has a 52-week low of $12.48 and a 52-week high of $15.11.
Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Investors Bancorp had a net margin of 20.55% and a return on equity of 5.84%. The company had revenue of $179.31 million during the quarter, compared to analysts’ expectations of $178.16 million. During the same period last year, the company posted $0.15 EPS. sell-side analysts expect 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 company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $13.94, for a total value of $69,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.96% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new stake in Investors Bancorp during the second quarter valued at $216,000. OxFORD Asset Management LLP purchased a new stake in Investors Bancorp during the second quarter valued at $373,000. Independent Investors Inc. purchased a new stake in Investors Bancorp during the third quarter valued at $697,000. EJF Capital LLC purchased a new stake in Investors Bancorp during the third quarter valued at $6,820,000. Finally, Beacon Investment Advisory Services Inc. raised its stake in Investors Bancorp by 118.0% during the third quarter. Beacon Investment Advisory Services Inc. now owns 730,076 shares of the savings and loans company’s stock valued at $9,958,000 after purchasing an additional 395,181 shares in the last quarter. 78.52% of the stock is currently owned by hedge funds and other institutional investors.
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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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