Investors Bancorp (ISBC) Lifted to “Sell” at BidaskClub

Investors Bancorp (NASDAQ:ISBC) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Investors Bancorp from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, July 4th. Stephens reiterated a “buy” rating and set a $15.00 target price on shares of Investors Bancorp in a research report on Thursday, August 16th. Royal Bank of Canada reiterated a “buy” rating and set a $14.00 target price on shares of Investors Bancorp in a research report on Friday, July 27th. Finally, ValuEngine upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Investors Bancorp has an average rating of “Hold” and a consensus price target of $14.79.

NASDAQ:ISBC opened at $11.25 on Tuesday. The stock has a market cap of $4.05 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.21 and a beta of 0.58. Investors Bancorp has a 52 week low of $10.27 and a 52 week high of $14.69. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.66.

Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings data on Thursday, October 25th. The savings and loans company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $177.21 million during the quarter, compared to the consensus estimate of $181.19 million. Investors Bancorp had a net margin of 16.73% and a return on equity of 7.01%. On average, equities research analysts expect that Investors Bancorp will post 0.78 EPS for the current year.

In related news, Director Robert C. Albanese sold 5,000 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $12.29, for a total transaction of $61,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.51% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CHICAGO TRUST Co NA increased its position in Investors Bancorp by 19.9% in the 3rd quarter. CHICAGO TRUST Co NA now owns 26,101 shares of the savings and loans company’s stock valued at $320,000 after acquiring an additional 4,331 shares in the last quarter. Mcrae Capital Management Inc. increased its position in Investors Bancorp by 29.8% in the 3rd quarter. Mcrae Capital Management Inc. now owns 22,723 shares of the savings and loans company’s stock valued at $279,000 after acquiring an additional 5,223 shares in the last quarter. Strs Ohio increased its position in Investors Bancorp by 5.1% in the 2nd quarter. Strs Ohio now owns 122,700 shares of the savings and loans company’s stock valued at $1,569,000 after acquiring an additional 6,000 shares in the last quarter. Ramsey Quantitative Systems increased its position in Investors Bancorp by 43.5% in the 2nd quarter. Ramsey Quantitative Systems now owns 25,309 shares of the savings and loans company’s stock valued at $324,000 after acquiring an additional 7,672 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in Investors Bancorp by 32.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 32,765 shares of the savings and loans company’s stock valued at $419,000 after acquiring an additional 7,950 shares in the last quarter. Hedge funds and other institutional investors own 63.45% 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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