Insider Buying: James H. Ward III Purchases 1,130 Shares of Investors Bancorp Stock (ISBC)
Investors Bancorp (NASDAQ:ISBC) Director James H. Ward III acquired 1,130 shares of the company’s stock in a transaction dated Wednesday, June 11th. The stock was purchased at an average cost of $10.82 per share, with a total value of $12,226.60. Following the completion of the transaction, the director now directly owns 144,847 shares in the company, valued at approximately $1,567,245. The acquisition was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on ISBC shares. Analysts at RBC Capital raised their price target on shares of Investors Bancorp from $10.00 to $13.00 in a research note on Thursday, June 12th. They now have an “outperform” rating on the stock. Separately, analysts at Boenning Scattergood raised their price target on shares of Investors Bancorp from $12.00 to $12.50 in a research note on Wednesday, June 11th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Investors Bancorp in a research note on Wednesday, June 11th. They now have a $12.00 price target on the stock, down previously from $27.00. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $22.21.
Investors Bancorp (NASDAQ:ISBC) opened at 10.99 on Wednesday. Investors Bancorp has a 1-year low of $7.8854 and a 1-year high of $11.2632. The stock has a 50-day moving average of $10.66 and a 200-day moving average of $10.29. The company has a market cap of $3.780 billion and a P/E ratio of 27.40.
Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. On average, analysts predict that Investors Bancorp will post $0.41 earnings per share for the current fiscal year.
Investors Bancorp, Inc is a holding company for Investors Bank (NASDAQ:ISBC).
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