Investors Bancorp CEO Unloads $201,992 in Stock (ISBC)
Investors Bancorp (NASDAQ:ISBC) CEO Kevin Cummings sold 7,965 shares of the stock on the open market in a transaction that occurred on Saturday, January 25th. The stock was sold at an average price of $25.36, for a total value of $201,992.40. Following the completion of the sale, the chief executive officer now directly owns 489,887 shares in the company, valued at approximately $12,423,534. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Investors Bancorp (NASDAQ:ISBC) traded up 0.47% on Tuesday, hitting $25.48. 237,158 shares of the company’s stock traded hands. Investors Bancorp has a 1-year low of $17.36 and a 1-year 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 P/E ratio of 25.88.
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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.16.
Investors Bancorp, Inc is a holding company for Investors Bank (NASDAQ:ISBC).
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