Boston Partners reduced its position in Investors Bancorp, Inc. (NASDAQ:ISBC) by 21.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,446 shares of the savings and loans company’s stock after selling 65,224 shares during the quarter. Boston Partners owned about 0.08% of Investors Bancorp worth $3,310,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new stake in shares of Investors Bancorp in the fourth quarter valued at approximately $1,389,000. Moody Aldrich Partners LLC boosted its holdings in shares of Investors Bancorp by 23.5% in the fourth quarter. Moody Aldrich Partners LLC now owns 94,600 shares of the savings and loans company’s stock valued at $1,313,000 after acquiring an additional 17,974 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Investors Bancorp by 174.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,007 shares of the savings and loans company’s stock valued at $208,000 after acquiring an additional 9,546 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of Investors Bancorp by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 361,507 shares of the savings and loans company’s stock valued at $5,018,000 after acquiring an additional 8,665 shares during the period. Finally, Independent Investors Inc. boosted its holdings in shares of Investors Bancorp by 9.8% in the fourth quarter. Independent Investors Inc. now owns 56,100 shares of the savings and loans company’s stock valued at $778,000 after acquiring an additional 5,000 shares during the period. 77.66% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on ISBC. Zacks Investment Research raised Investors Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, November 8th. Piper Jaffray Companies downgraded Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Wednesday, November 29th. Keefe, Bruyette & Woods downgraded Investors Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Barclays increased their price target on Investors Bancorp from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Finally, Sandler O’Neill downgraded Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a report on Thursday, November 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Investors Bancorp presently has an average rating of “Hold” and a consensus price target of $15.19.
Investors Bancorp, Inc. (ISBC) opened at $13.39 on Wednesday. The stock has a market capitalization of $4,070.00, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 1.45 and a beta of 0.52. 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, Inc. has a 52-week low of $12.48 and a 52-week high of $15.11.
Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $182.91 million during the quarter, compared to analysts’ expectations of $181.14 million. Investors Bancorp had a return on equity of 5.69% and a net margin of 13.82%. During the same quarter in the prior year, the business posted $0.18 earnings per share. equities analysts expect that Investors Bancorp, Inc. will post 0.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, February 8th. Investors Bancorp’s payout ratio is 83.72%.
In other Investors Bancorp 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.96% of the company’s stock.
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Investors Bancorp 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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