Investors Bancorp, Inc. (NASDAQ:ISBC) Director William V. Cosgrove sold 100,000 shares of Investors Bancorp stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $13.38, for a total transaction of $1,338,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Investors Bancorp, Inc. (ISBC) opened at $13.78 on Friday. The firm has a market cap of $4,160.00, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 1.46 and a beta of 0.52. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.42. Investors Bancorp, Inc. 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 data on Thursday, January 25th. The savings and loans company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $182.91 million during the quarter, compared to analyst estimates of $181.14 million. Investors Bancorp had a net margin of 13.82% and a return on equity of 5.69%. During the same period last year, the business earned $0.18 EPS. sell-side analysts predict that Investors Bancorp, Inc. will post 0.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.61%. The ex-dividend date is Thursday, February 8th. Investors Bancorp’s dividend payout ratio is currently 83.72%.
ISBC has been the topic of several analyst reports. Zacks Investment Research raised shares of Investors Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, November 8th. Piper Jaffray Companies downgraded shares of Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Wednesday, November 29th. Keefe, Bruyette & Woods downgraded shares of Investors Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Barclays lifted their price target on shares of Investors Bancorp from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. Finally, Sandler O’Neill downgraded shares of Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Thursday, November 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.19.
Hedge funds have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado acquired a new position in Investors Bancorp during the 4th quarter worth $117,000. Cerebellum GP LLC acquired a new position in Investors Bancorp during the 4th quarter worth $125,000. Raymond James & Associates acquired a new position in Investors Bancorp during the 4th quarter worth $143,000. Gotham Asset Management LLC acquired a new position in Investors Bancorp during the 4th quarter worth $145,000. Finally, Citigroup Inc. grew its holdings in Investors Bancorp by 45.7% during the 2nd quarter. Citigroup Inc. now owns 10,898 shares of the savings and loans company’s stock worth $146,000 after acquiring an additional 3,417 shares in the last quarter. 77.66% of the stock is owned by institutional investors.
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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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