Investors Bancorp, Inc. (ISBC) Shares Sold by Global X Management Co. LLC

Global X Management Co. LLC lessened its position in Investors Bancorp, Inc. (NASDAQ:ISBC) by 12.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 60,960 shares of the savings and loans company’s stock after selling 8,857 shares during the quarter. Global X Management Co. LLC’s holdings in Investors Bancorp were worth $846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. raised its stake in Investors Bancorp by 0.6% during 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 buying an additional 118,515 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in 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 stake 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 valued at $62,090,000 after buying an additional 783,442 shares during the last quarter. Bank of Montreal Can raised its stake in Investors Bancorp by 325.3% during the fourth quarter. Bank of Montreal Can now owns 2,585,909 shares of the savings and loans company’s stock valued at $35,892,000 after buying an additional 1,977,898 shares during the last quarter. Finally, Rothschild Asset Management Inc. raised its stake 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 valued at $30,987,000 after buying an additional 9,689 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Shares of Investors Bancorp, Inc. (NASDAQ ISBC) opened at $13.85 on Wednesday. The company has a market capitalization of $4,261.27, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 1.52 and a beta of 0.67. Investors Bancorp, Inc. has a fifty-two week low of $12.48 and a fifty-two week 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 posted its earnings results on Thursday, January 25th. The savings and loans company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $182.91 million during the quarter, compared to analyst estimates 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 last year, the company earned $0.18 EPS. sell-side analysts expect that Investors Bancorp, Inc. will post 0.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, February 8th. Investors Bancorp’s payout ratio is 81.82%.

In related news, Director Robert C. Albanese sold 5,000 shares of Investors Bancorp 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $1,338,000.00. The disclosure for this sale can be found here. 2.96% of the stock is currently owned by company insiders.

ISBC has been the subject of a number of recent research reports. Zacks Investment Research upgraded Investors Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, November 8th. Piper Jaffray Companies cut 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. Keefe, Bruyette & Woods cut Investors Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Barclays lifted their price objective on Investors Bancorp from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Finally, Sandler O’Neill cut Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. 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, five have given a hold rating and three have assigned a buy rating to the company. Investors Bancorp presently has a consensus rating of “Hold” and an average price target of $15.31.

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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.

Want to see what other hedge funds are holding ISBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Investors Bancorp, Inc. (NASDAQ:ISBC).

Institutional Ownership by Quarter for Investors Bancorp (NASDAQ:ISBC)

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