Investors Bancorp (ISBC) Raised 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.

Several other research analysts also recently commented on ISBC. ValuEngine downgraded Investors Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research raised Investors Bancorp from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, July 4th. Royal Bank of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of Investors Bancorp in a report on Friday, July 27th. Finally, Stephens reaffirmed a “buy” rating and set a $15.00 target price on shares of Investors Bancorp in a report on Thursday, August 16th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Investors Bancorp has a consensus rating of “Hold” and an average target price of $14.79.

NASDAQ ISBC opened at $11.19 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.23 and a current ratio of 1.23. Investors Bancorp has a twelve month low of $10.27 and a twelve month high of $14.69. The firm has a market cap of $3.91 billion, a P/E ratio of 18.05, a PEG ratio of 1.18 and a beta of 0.58.

Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings data on Thursday, October 25th. The savings and loans company reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Investors Bancorp had a return on equity of 7.01% and a net margin of 16.73%. The company had revenue of $177.21 million for the quarter, compared to the consensus estimate of $181.19 million. On average, analysts forecast that Investors Bancorp will post 0.77 earnings per share for the current fiscal year.

In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of Investors Bancorp stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $12.29, for a total transaction of $61,450.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.51% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. bought a new position in shares of Investors Bancorp in the 3rd quarter worth about $514,000. Congress Asset Management Co. MA raised its position in shares of Investors Bancorp by 10.7% in the 3rd quarter. Congress Asset Management Co. MA now owns 281,245 shares of the savings and loans company’s stock worth $3,451,000 after acquiring an additional 27,170 shares in the last quarter. Mcrae Capital Management Inc. raised its position in shares of 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 worth $279,000 after acquiring an additional 5,223 shares in the last quarter. Bank of Montreal Can raised its position in shares of Investors Bancorp by 28.8% in the 3rd quarter. Bank of Montreal Can now owns 393,993 shares of the savings and loans company’s stock worth $4,834,000 after acquiring an additional 88,212 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its position in shares of 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 worth $320,000 after acquiring an additional 4,331 shares in the last quarter. 63.45% of the stock is currently owned by hedge funds and other institutional investors.

Investors Bancorp Company Profile

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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Analyst Recommendations for Investors Bancorp (NASDAQ:ISBC)

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