Traders Purchase Large Volume of Put Options on Investors Bancorp (ISBC)

Investors Bancorp Inc (NASDAQ:ISBC) saw unusually large options trading activity on Tuesday. Stock traders bought 1,043 put options on the company. This represents an increase of approximately 1,831% compared to the average volume of 54 put options.

A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Investors Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 16th. Sandler O’Neill upgraded shares of Investors Bancorp from a “hold” rating to a “buy” rating and set a $15.50 price objective on the stock in a research report on Thursday, April 5th. Barclays upgraded shares of Investors Bancorp from an “underweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock in a research report on Friday, May 4th. BidaskClub cut shares of Investors Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Finally, ValuEngine cut shares of Investors Bancorp from a “hold” rating to a “sell” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.21.

Investors Bancorp opened at $12.92 on Wednesday, Marketbeat reports. The company has a market cap of $3.89 billion, a PE ratio of 19.27, a P/E/G ratio of 1.40 and a beta of 0.66. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.73. Investors Bancorp has a 1 year low of $12.48 and a 1 year high of $14.69.

Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings data on Thursday, April 26th. The savings and loans company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $181.59 million for the quarter, compared to analysts’ expectations of $183.58 million. Investors Bancorp had a net margin of 14.78% and a return on equity of 6.12%. analysts anticipate that Investors Bancorp will post 0.77 earnings per share for the current fiscal year.

In other Investors Bancorp news, Director Michele N. Siekerka sold 70,606 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $13.50, for a total transaction of $953,181.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Albanese sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $12.70, for a total transaction of $63,500.00. The disclosure for this sale can be found here. 3.51% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in ISBC. Wells Fargo & Company MN raised its position in shares of Investors Bancorp by 185.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,081,145 shares of the savings and loans company’s stock valued at $15,007,000 after buying an additional 702,829 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Investors Bancorp by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,703,129 shares of the savings and loans company’s stock valued at $23,639,000 after purchasing an additional 28,199 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Investors Bancorp by 3.3% in the fourth quarter. BlackRock Inc. now owns 17,719,175 shares of the savings and loans company’s stock valued at $245,943,000 after purchasing an additional 559,318 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Investors Bancorp by 2.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,114,398 shares of the savings and loans company’s stock valued at $15,468,000 after purchasing an additional 23,400 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of Investors Bancorp by 45.0% in the fourth quarter. Virtu Financial LLC now owns 30,333 shares of the savings and loans company’s stock valued at $421,000 after purchasing an additional 9,416 shares in the last quarter. Hedge funds and other institutional investors own 78.96% of the company’s stock.

About Investors Bancorp

Investors Bancorp, Inc operates as the holding company for Investors Bank that provides various banking products and services to individuals and businesses in the United States. Its deposit products include savings, checking, and money market accounts, as well as certificates of deposit. The company's loan portfolio comprises multi-family, commercial real estate, commercial and industrial, and construction loans; consumer and other loans primarily consisting of home equity loans, home equity lines of credit, and cash surrender value lending on life insurance contracts; and one-to four-family residential mortgage loans secured by one-to four-family residential real estate.

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