Investors Bancorp (NASDAQ:ISBC) Downgraded by ValuEngine to Sell

ValuEngine lowered shares of Investors Bancorp (NASDAQ:ISBC) from a hold rating to a sell rating in a research note issued to investors on Monday morning, ValuEngine reports.

A number of other equities analysts also recently issued reports on ISBC. Zacks Investment Research downgraded shares of Investors Bancorp from a hold rating to a sell rating in a research note on Tuesday, October 1st. Janney Montgomery Scott upgraded shares of Investors Bancorp from a neutral rating to a buy rating in a research note on Tuesday, August 6th. BidaskClub upgraded shares of Investors Bancorp from a hold rating to a buy rating in a research note on Monday. Finally, Royal Bank of Canada started coverage on shares of Investors Bancorp in a research note on Friday, October 11th. They set an outperform rating and a $15.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Investors Bancorp presently has an average rating of Hold and a consensus price target of $13.53.

ISBC stock traded up $0.48 during mid-day trading on Monday, reaching $12.55. The company had a trading volume of 316,041 shares, compared to its average volume of 1,777,130. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $3.43 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.37 and a beta of 0.92. The firm has a 50 day moving average of $11.50 and a 200 day moving average of $11.28. Investors Bancorp has a 12 month low of $9.94 and a 12 month high of $12.91.

Investors Bancorp (NASDAQ:ISBC) last issued its earnings results on Wednesday, October 23rd. The savings and loans company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $179.23 million for the quarter, compared to the consensus estimate of $173.37 million. Investors Bancorp had a net margin of 17.85% and a return on equity of 7.05%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. Analysts anticipate that Investors Bancorp will post 0.74 EPS for the current year.

In other news, Director Robert C. Albanese sold 35,302 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $11.14, for a total transaction of $393,264.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO P. Sean Burke sold 20,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $11.04, for a total transaction of $220,800.00. The disclosure for this sale can be found here. 3.49% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC lifted its position in Investors Bancorp by 351.6% during the second quarter. Cubist Systematic Strategies LLC now owns 266,890 shares of the savings and loans company’s stock valued at $2,976,000 after acquiring an additional 207,792 shares during the last quarter. Benin Management CORP lifted its position in Investors Bancorp by 15.7% during the second quarter. Benin Management CORP now owns 131,310 shares of the savings and loans company’s stock valued at $1,464,000 after acquiring an additional 17,799 shares during the last quarter. Maltese Capital Management LLC lifted its position in Investors Bancorp by 0.3% during the second quarter. Maltese Capital Management LLC now owns 1,027,054 shares of the savings and loans company’s stock valued at $11,452,000 after acquiring an additional 2,890 shares during the last quarter. Monarch Partners Asset Management LLC lifted its position in Investors Bancorp by 32.5% during the second quarter. Monarch Partners Asset Management LLC now owns 510,285 shares of the savings and loans company’s stock valued at $5,690,000 after acquiring an additional 125,050 shares during the last quarter. Finally, Weiss Asset Management LP lifted its position in Investors Bancorp by 11.9% during the second quarter. Weiss Asset Management LP now owns 14,256 shares of the savings and loans company’s stock valued at $159,000 after acquiring an additional 1,512 shares during the last quarter. 72.87% of the stock is owned by institutional investors.

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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Analyst Recommendations for Investors Bancorp (NASDAQ:ISBC)

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