Investors Bancorp VP Sells $66,925 in Stock (ISBC)
Investors Bancorp (NASDAQ:ISBC) VP Richard Spengler unloaded 2,639 shares of Investors Bancorp 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 $66,925.04. Following the completion of the sale, the vice president now directly owns 220,639 shares in the company, valued at approximately $5,595,405. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average 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 one year low of $17.36 and a one 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 price-to-earnings ratio of 25.88.
Investors Bancorp, Inc is a holding company for Investors Bank (NASDAQ:ISBC).
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