Geode Capital Management LLC increased its position in Investors Bancorp Inc. (NASDAQ:ISBC) by 1.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,308,695 shares of the company’s stock after buying an additional 32,036 shares during the period. Geode Capital Management LLC owned about 0.72% of Investors Bancorp worth $26,873,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Clinton Group Inc. bought a new stake in shares of Investors Bancorp during the fourth quarter worth approximately $2,531,000. Visium Asset Management LP boosted its stake in shares of Investors Bancorp by 69.0% in the fourth quarter. Visium Asset Management LP now owns 170,000 shares of the company’s stock worth $2,115,000 after buying an additional 69,380 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Investors Bancorp by 30.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 15,122,994 shares of the company’s stock worth $188,130,000 after buying an additional 3,572,919 shares during the period. Voya Investment Management LLC boosted its stake in shares of Investors Bancorp by 44.6% in the fourth quarter. Voya Investment Management LLC now owns 1,637,179 shares of the company’s stock worth $20,366,000 after buying an additional 505,223 shares during the period. Finally, Global X Management CO LLC bought a new stake in shares of Investors Bancorp during the fourth quarter worth approximately $3,819,000.
Investors Bancorp Inc. (NASDAQ:ISBC) traded down 0.09% on Wednesday, hitting $11.37. The stock had a trading volume of 1,697,265 shares. Investors Bancorp Inc. has a 52 week low of $10.67 and a 52 week high of $13.13. The company has a 50-day moving average price of $11.35 and a 200-day moving average price of $11.50. The stock has a market capitalization of $3.53 billion and a price-to-earnings ratio of 19.91.
ISBC has been the subject of a number of research analyst reports. Zacks Investment Research cut Investors Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Deutsche Bank AG reissued a “hold” rating and issued a $12.00 target price on shares of Investors Bancorp in a research note on Tuesday, April 5th. Finally, Compass Point raised Investors Bancorp from a “sell” rating to a “neutral” rating and boosted their target price for the company from $10.50 to $11.50 in a research note on Wednesday, May 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.90.
In other news, Director Michele N. Siekerka sold 25,407 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $11.57, for a total value of $293,958.99. Following the completion of the transaction, the director now directly owns 150,616 shares in the company, valued at approximately $1,742,627.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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.
