Investors Bancorp Inc. Announces Quarterly Dividend of $0.05 (ISBC)
Investors Bancorp (NASDAQ:ISBC) declared a quarterly dividend on Thursday, January 30th, AR Network reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.05 per share on Tuesday, February 25th. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%.
ISBC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Investors Bancorp from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $27.40 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of Investors Bancorp from $21.00 to $27.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $25.45.
Investors Bancorp (NASDAQ:ISBC) traded up 0.79% on Thursday, hitting $25.51. The stock had a trading volume of 302,082 shares. Investors Bancorp has a 1-year low of $17.36 and a 1-year high of $26.54. The stock has a 50-day moving average of $25.18 and a 200-day moving average of $23.15. The company has a market cap of $2.753 billion and a P/E ratio of 25.83.
In other Investors Bancorp news, COO Domenick Cama sold 5,300 shares of the company’s stock in a transaction dated Saturday, January 25th. The stock was sold at an average price of $25.36, for a total transaction of $134,408.00. Following the completion of the transaction, the chief operating officer now directly owns 348,506 shares of the company’s stock, valued at approximately $8,838,112. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Investors Bancorp, Inc is a holding company for Investors Bank (NASDAQ:ISBC).
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