Equities research analysts expect Investors Bancorp, Inc. (NASDAQ:ISBC) to announce earnings of $0.15 per share for the current quarter, according to Zacks. Two analysts have made estimates for Investors Bancorp’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.16. Investors Bancorp posted earnings per share of $0.18 during the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The company is scheduled to announce its next earnings report on Thursday, January 25th.

On average, analysts expect that Investors Bancorp will report full-year earnings of $0.59 per share for the current financial year, with EPS estimates ranging from $0.57 to $0.60. For the next financial year, analysts anticipate that the firm will report earnings of $0.63 per share, with EPS estimates ranging from $0.60 to $0.65. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Investors Bancorp.

Investors Bancorp (NASDAQ:ISBC) last posted its earnings results on Thursday, October 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Investors Bancorp had a net margin of 20.55% and a return on equity of 5.84%. The firm had revenue of $179.31 million during the quarter, compared to analysts’ expectations of $178.16 million. During the same period in the previous year, the business posted $0.15 EPS.

ISBC has been the subject of several research analyst reports. Zacks Investment Research raised shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods cut shares of Investors Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. Barclays raised their target price on shares of Investors Bancorp from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Monday, October 30th. Piper Jaffray Companies cut shares of Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Wednesday, November 29th. Finally, Sandler O’Neill lowered shares of Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Thursday, November 30th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.31.

Shares of Investors Bancorp (NASDAQ ISBC) traded down $0.04 on Thursday, hitting $14.16. 1,138,800 shares of the company were exchanged, compared to its average volume of 2,540,572. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $4,347.44, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.01 and a beta of 0.68. Investors Bancorp has a 12-month low of $12.48 and a 12-month high of $15.11.

The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.54%. This is a boost from Investors Bancorp’s previous quarterly dividend of $0.08. Investors Bancorp’s payout ratio is presently 56.25%.

In related news, Director Robert C. Albanese sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was 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 of the company’s stock, valued at approximately $2,140,900.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis M. Bone sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $13.25, for a total value of $99,375.00. Following the sale, the director now directly owns 172,644 shares in the company, valued at $2,287,533. The disclosure for this sale can be found here. 2.96% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Citigroup Inc. raised its position in shares of Investors Bancorp by 45.7% during the 2nd quarter. Citigroup Inc. now owns 10,898 shares of the savings and loans company’s stock valued at $146,000 after acquiring an additional 3,417 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Investors Bancorp by 6.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,667 shares of the savings and loans company’s stock valued at $156,000 after acquiring an additional 739 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Investors Bancorp by 17.1% during the 2nd quarter. Gotham Asset Management LLC now owns 13,305 shares of the savings and loans company’s stock valued at $178,000 after acquiring an additional 1,941 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Investors Bancorp during the 3rd quarter valued at approximately $187,000. Finally, US Bancorp DE raised its position in shares of Investors Bancorp by 2.7% during the 2nd quarter. US Bancorp DE now owns 14,077 shares of the savings and loans company’s stock valued at $189,000 after acquiring an additional 374 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

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Investors Bancorp Company Profile

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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Earnings History and Estimates for Investors Bancorp (NASDAQ:ISBC)

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