Investors Bancorp, Inc. (ISBC) to Release Quarterly Earnings on Thursday
Investors Bancorp, Inc. (NASDAQ:ISBC) will announce its earnings results after the market closes on Thursday, October 26th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Investors Bancorp had a net margin of 20.91% and a return on equity of 5.79%. The company had revenue of $176.38 million for the quarter, compared to the consensus estimate of $179.25 million. During the same period in the prior year, the firm posted $0.15 EPS. On average, analysts expect Investors Bancorp to post $0.56 EPS for the current fiscal year and $0.63 EPS for the next fiscal year.
Shares of Investors Bancorp, Inc. (ISBC) opened at 13.70 on Thursday. The stock’s 50 day moving average is $13.41 and its 200 day moving average is $13.47. Investors Bancorp, Inc. has a 1-year low of $11.58 and a 1-year high of $15.11. The company has a market cap of $4.05 billion, a P/E ratio of 21.37 and a beta of 0.69.
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ISBC has been the topic of several recent analyst reports. BidaskClub lowered shares of Investors Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Investors Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Royal Bank Of Canada restated a “buy” rating and issued a $16.00 price objective on shares of Investors Bancorp in a report on Friday, July 7th. Piper Jaffray Companies restated a “buy” rating and issued a $15.00 price objective on shares of Investors Bancorp in a report on Thursday, August 3rd. Finally, Stephens set a $16.00 price objective on shares of Investors Bancorp and gave the stock a “buy” rating in a report on Friday, July 28th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.08.
In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $13.62, for a total transaction of $68,100.00. Following the sale, the director now directly owns 157,188 shares in the company, valued at approximately $2,140,900.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dennis M. Bone sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $13.25, for a total transaction of $99,375.00. Following the sale, the director now owns 172,644 shares in the company, valued at $2,287,533. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,000 shares of company stock worth $788,100. 2.96% of the stock is owned by company insiders.
About Investors Bancorp
Investors Bancorp, Inc is a holding company for Investors Bank (the Bank). The Bank is a chartered savings bank. The Company is in the business of attracting deposits from the public through its branch network and borrowing funds in the wholesale markets to originate loans and to invest in securities.
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