Investors Bancorp Director Brian D. Dittenhafer Unloads 40,000 Shares (ISBC)
Investors Bancorp (NASDAQ:ISBC) Director Brian D. Dittenhafer sold 40,000 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $10.40, for a total value of $416,000.00. Following the sale, the director now directly owns 241,557 shares of the company’s stock, valued at approximately $2,512,193. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Investors Bancorp (NASDAQ:ISBC) traded up 0.68% during mid-day trading on Monday, hitting $10.44. 2,876,305 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 $10.65 and a 200-day moving average of $10.57. The company has a market cap of $3.596 billion and a price-to-earnings ratio of 31.33.
Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.10 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.10. Analysts expect that Investors Bancorp will post $0.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 18th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, July 31st.
A number of research firms have recently commented on ISBC. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Investors Bancorp from $12.50 to $13.50 in a research note on Monday, July 28th. Separately, analysts at Compass Point reiterated a “buy” rating on shares of Investors Bancorp in a research note on Friday, July 25th. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $12.46.
Investors Bancorp, Inc is a holding company for Investors Bank (NASDAQ:ISBC).
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