Investors Bancorp VP Sells $182,241 in Stock (ISBC)
Investors Bancorp (NASDAQ:ISBC) VP Paul Kalamaras sold 7,475 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $24.38, for a total transaction of $182,240.50. Following the sale, the vice president now directly owns 163,390 shares of the company’s stock, valued at approximately $3,983,448. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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 Monday, December 30th. They now have a $27.40 price target on the stock. Separately, analysts at FIG Partners initiated coverage on shares of Investors Bancorp in a research note to investors on Friday, November 29th. They set a “market perform” rating and a $25.75 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Investors Bancorp from $24.00 to $26.00 in a research note to investors on Tuesday, October 29th. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.16.
Investors Bancorp (NASDAQ:ISBC) traded down 0.47% on Friday, hitting $25.36. 385,398 shares of the company’s stock traded hands. Investors Bancorp has a one year low of $17.36 and a one year high of $26.12. The stock has a 50-day moving average of $25.0 and a 200-day moving average of $23.07. The company has a market cap of $2.737 billion and a price-to-earnings ratio of 26.00.
Investors Bancorp, Inc is a holding company for Investors Bank (NASDAQ:ISBC).
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