Shares of Investors Bancorp, Inc. (NASDAQ:ISBC) received a consensus “Buy” rating from the six research firms that currently cover the company, MarketBeat Ratings reports. Three investment analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among brokers who have reported on the stock in the past year is $16.50.
Separately, Zacks Investment Research upgraded Investors Bancorp from a “buy” to a “hold” rating in a Wednesday, Dec. 29 research report.
In other news from Investors Bancorp, Executive Vice Chairman Richard Spengler sold 300,000 shares of the company in a trade on Wednesday, February 16. The stock was sold at an average price of $17.41, for a total value of $5,223,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, Chief Financial Officer P. Sean Burke sold 100,946 shares of the company in a trade on Wednesday, November 24. The shares were sold at an average price of $16.21, for a total value of $1,636,334.66. The disclosure of this sale can be found here. Insiders have sold 1,000,946 shares of the company worth $16,917,607 in the past three months. 3.22% of the shares are held by insiders.
Several institutional investors and hedge funds have been buying and selling stocks recently. Deutsche Bank AG increased its stake in shares of Investors Bancorp by 60.9% during the fourth quarter. Deutsche Bank AG now owns 2,301,969 shares in the savings and loan company valued at $34,874,000 after acquiring an additional 870,855 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Investors Bancorp by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 323,766 shares of the savings and loan company valued at $4,905,000 after acquiring 7,552 additional shares in the last quarter. Thrivent Financial for Lutherans increased its equity stake in Investors Bancorp by 0.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 183,473 shares of the savings and loan company valued at $2,780,000 after acquiring 1,336 additional shares in the last quarter. MetLife Investment Management LLC increased its stake in Investors Bancorp by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 78,461 shares of the savings and loan company worth $1,189,000 after buying 3,562 additional shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Investors Bancorp by 9.9% in the 4th quarter. The Ohio Public Employees Retirement System now owns 15,524 shares of the savings and loan company worth $235,000 after buying 1,396 additional shares in the last quarter. 77.83% of the shares are currently held by institutional investors and hedge funds.
Shares of Investors Bancorp opened at $16.90 on Friday. The company’s 50-day simple moving average is $16.22 and its two-hundred-day simple moving average is $15.39. The company has a market capitalization of $4.19 billion, a price-earnings ratio of 12.71 and a beta of 0.98. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt ratio of 1.20. Investors Bancorp has a 12-month low of $12.51 and a 12-month high of $17.67.
Investors Bancorp Inc (NASDAQ:ISBC) last released quarterly earnings data on Wednesday, January 26. The savings and loan company reported earnings per share (EPS) of $0.40 for the quarter, beating Thomson Reuters consensus estimate of $0.32 by $0.08. Investors Bancorp achieved a return on equity of 11.68% and a net margin of 31.87%. In the same period a year earlier, the company had earned earnings per share of $0.32. On average, sell-side analysts expect Investors Bancorp to post EPS of 1.35 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 25. Shareholders of record on Thursday, February 10 will receive a dividend of $0.16. This is a positive change from Investors Bancorp’s previous quarterly dividend of $0.14. The ex-date of this dividend is Wednesday, February 9. This represents an annualized dividend of $0.64 and a yield of 3.79%. Investors Bancorp’s dividend payout ratio is 48.12%.
Investors Bancorp Company Profile
Investors Bancorp, Inc operates as a bank holding company, which provides banking services. It offers banking solutions for individuals, small businesses and enterprises. Its services include financial education, loans, investments and planning, cash management and industry. The company was founded in 1926 and is based in Short Hills, NJ.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Investors Bancorp right now?
Before you consider Investors Bancorp, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off… and Investors Bancorp was not on the list.
Although Investors Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here