Investors Bancorp Inc. Hits New 52-Week High at $22.99 (ISBC)
Shares of Investors Bancorp (NASDAQ:ISBC) hit a new 52-week high during mid-day trading on Thursday, American Banking News reports. The stock traded as high as $22.99 and last traded at $22.94, with a volume of 89,990 shares trading hands. The stock had previously closed at $22.75.
A number of research firms have recently commented on ISBC. Analysts at Zacks downgraded shares of Investors Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $24.10 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Investors Bancorp in a research note to investors on Tuesday, September 24th. They now have a $24.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Investors Bancorp from $23.00 to $24.00 in a research note to investors on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $23.02.
Investors Bancorp has a one year low of $15.70 and a one year high of $22.93. The stock’s 50-day moving average is $21.64 and its 200-day moving average is $20.26. The company has a market cap of $2.473 billion and a price-to-earnings ratio of 24.46.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.87%.
Investors Bancorp, Inc is a holding company for Investors Bank (NASDAQ:ISBC).
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