Investors Bancorp PT Raised to $13.50 (ISBC)
Stock analysts at Keefe, Bruyette & Woods boosted their target price on shares of Investors Bancorp (NASDAQ:ISBC) from $12.50 to $13.50 in a report issued on Monday. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 25.93% from the stock’s previous close.
A number of other firms have also recently commented on ISBC. Analysts at Compass Point reiterated a “buy” rating on shares of Investors Bancorp in a research note on Friday. Separately, analysts at Guggenheim downgraded shares of Investors Bancorp from a “buy” rating to a “neutral” rating in a research note on Thursday, July 10th. They now have a $11.75 price target on the stock, down previously from $12.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Investors Bancorp in a research note on Friday, June 27th. They now have a $12.00 price target on the stock, down previously from $25.00. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $14.59.
Investors Bancorp (NASDAQ:ISBC) traded down 1.31% during mid-day trading on Monday, hitting $10.58. 879,997 shares of the company’s stock traded hands. Investors Bancorp has a 1-year low of $8.0071 and a 1-year high of $11.2632. The stock has a 50-day moving average of $10.92 and a 200-day moving average of $10.53. The company has a market cap of $3.681 billion and a P/E ratio of 32.39.
Investors Bancorp (NASDAQ:ISBC) last released its earnings data on Thursday, July 24th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Analysts expect that Investors Bancorp will post $0.41 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 18th. Investors of record on Monday, August 4th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, July 31st.
Investors Bancorp, Inc is a holding company for Investors Bank (NASDAQ:ISBC).
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