Investors Bancorp (ISBC) Downgraded by BidaskClub to “Sell”

BidaskClub lowered shares of Investors Bancorp (NASDAQ:ISBC) from a hold rating to a sell rating in a research note released on Friday morning.

Other research analysts have also issued research reports about the stock. Barclays raised their price objective on shares of Investors Bancorp from $13.00 to $14.00 and gave the company an underweight rating in a research note on Monday, October 30th. Zacks Investment Research raised shares of Investors Bancorp from a sell rating to a hold rating in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reissued a hold rating and issued a $15.50 price objective on shares of Investors Bancorp in a research note on Friday, December 22nd. Piper Jaffray Companies lowered shares of Investors Bancorp from an overweight rating to a neutral rating and set a $15.00 price objective for the company. in a research note on Wednesday, November 29th. Finally, Sandler O’Neill lowered shares of Investors Bancorp from a buy rating to a hold rating and set a $16.00 price objective for the company. in a research note on Thursday, November 30th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Investors Bancorp has an average rating of Hold and a consensus price target of $15.50.

Shares of Investors Bancorp (NASDAQ:ISBC) traded down $0.05 on Friday, hitting $13.74. 2,620,865 shares of the company’s stock were exchanged, compared to its average volume of 2,213,044. Investors Bancorp has a 1-year low of $12.48 and a 1-year high of $15.11. The firm has a market capitalization of $4,221.91, a PE ratio of 21.47, a PEG ratio of 1.74 and a beta of 0.68. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.42.

Investors Bancorp (NASDAQ:ISBC) last announced its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Investors Bancorp had a net margin of 20.55% and a return on equity of 5.84%. The business had revenue of $179.31 million during the quarter, compared to analysts’ expectations of $178.16 million. During the same period last year, the business earned $0.15 earnings per share. equities analysts forecast that Investors Bancorp will post 0.59 earnings per share for the current year.

In other news, Director Robert C. Albanese sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $13.94, for a total value of $69,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.96% of the company’s stock.

A number of institutional investors have recently modified their holdings of ISBC. Schwab Charles Investment Management Inc. lifted its stake in Investors Bancorp by 0.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,889,633 shares of the savings and loans company’s stock worth $25,246,000 after acquiring an additional 5,189 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Investors Bancorp by 441.9% in the second quarter. BNP Paribas Arbitrage SA now owns 32,995 shares of the savings and loans company’s stock worth $441,000 after acquiring an additional 26,906 shares during the last quarter. Prudential Financial Inc. lifted its stake in Investors Bancorp by 1.2% in the second quarter. Prudential Financial Inc. now owns 30,281 shares of the savings and loans company’s stock worth $405,000 after acquiring an additional 370 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Investors Bancorp by 6.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,667 shares of the savings and loans company’s stock worth $156,000 after acquiring an additional 739 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Investors Bancorp by 16.8% in the second quarter. Wells Fargo & Company MN now owns 619,272 shares of the savings and loans company’s stock worth $8,274,000 after acquiring an additional 89,039 shares during the last quarter. Institutional investors own 78.52% of the company’s stock.

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Investors Bancorp Company Profile

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.

Analyst Recommendations for Investors Bancorp (NASDAQ:ISBC)

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