Investors Bancorp’s Hold Rating Reaffirmed at Deutsche Bank (ISBC)
Investors Bancorp (NASDAQ:ISBC)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank in a report issued on Friday. They currently have a $12.00 target price on the stock, down from their previous target price of $25.00. Deutsche Bank’s price target indicates a potential upside of 8.89% from the company’s current price.
A number of other analysts have also recently weighed in on ISBC. 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 stock presently has an average rating of “Buy” and a consensus target price of $20.88.
Shares of Investors Bancorp (NASDAQ:ISBC) traded up 0.68% during mid-day trading on Friday, hitting $11.095. The stock had a trading volume of 2,566,534 shares. Investors Bancorp has a 52-week low of $8.0071 and a 52-week high of $11.2632. The stock has a 50-day moving average of $10.75 and a 200-day moving average of $10.36. The company has a market cap of $3.816 billion and a P/E ratio of 27.83.
Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.01. Analysts expect that Investors Bancorp will post $0.41 EPS for the current fiscal year.
Investors Bancorp, Inc is a holding company for Investors Bank (NASDAQ:ISBC).
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