Insider Selling: Thomas Splaine, Jr. Sells 1,403 Shares of Investors Bancorp Stock (ISBC)
Investors Bancorp (NASDAQ:ISBC) CFO Thomas Splaine, Jr. sold 1,403 shares of Investors Bancorp stock on the open market in a transaction dated Saturday, January 25th. The shares were sold at an average price of $25.36, for a total transaction of $35,580.08. Following the transaction, the chief financial officer now directly owns 126,108 shares of the company’s stock, valued at approximately $3,198,099. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
ISBC has been the subject of a number of recent research reports. 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. 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.16.
Investors Bancorp (NASDAQ:ISBC) traded up 0.47% during mid-day trading on Tuesday, hitting $25.48. The stock had a trading volume of 237,158 shares. Investors Bancorp has a 52-week low of $17.36 and a 52-week high of $26.54. The stock’s 50-day moving average is $25.14 and its 200-day moving average is $23.1. The company has a market cap of $2.750 billion and a price-to-earnings ratio of 25.88.
Investors Bancorp, Inc is a holding company for Investors Bank (NASDAQ:ISBC).
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