Investors Bancorp (NASDAQ:ISBC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Investors Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, November 8th. Sandler O’Neill downgraded shares of Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a report on Thursday, November 30th. They noted that the move was a valuation call. Keefe, Bruyette & Woods downgraded shares of Investors Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Piper Jaffray Companies downgraded shares of Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Wednesday, November 29th. Finally, Barclays upped their price target 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.31.

Shares of Investors Bancorp (NASDAQ ISBC) traded up $0.01 during midday trading on Tuesday, reaching $14.00. 2,152,238 shares of the company’s stock were exchanged, compared to its average volume of 2,525,815. Investors Bancorp has a 52 week low of $12.48 and a 52 week high of $15.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.42. The firm has a market cap of $4,280.00, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53.

Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.16 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $179.31 million during the quarter, compared to the consensus estimate of $178.16 million. During the same period in the prior year, the company earned $0.15 EPS. sell-side analysts anticipate that Investors Bancorp will post 0.59 EPS for the current year.

In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of the business’s stock in a transaction dated 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 owns 157,188 shares in the company, valued at approximately $2,140,900.56. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.96% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. raised its holdings in Investors Bancorp by 45.7% during the 2nd quarter. Citigroup Inc. now owns 10,898 shares of the savings and loans company’s stock worth $146,000 after buying an additional 3,417 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 worth $156,000 after buying an additional 739 shares during the period. Gotham Asset Management LLC raised its holdings in 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 worth $178,000 after buying an additional 1,941 shares during the period. Belpointe Asset Management LLC acquired a new stake in Investors Bancorp during the 3rd quarter worth about $187,000. Finally, US Bancorp DE raised its holdings in 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 worth $189,000 after buying an additional 374 shares during the period. Hedge funds and other institutional investors own 78.62% of the company’s stock.

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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.

Analyst Recommendations for Investors Bancorp (NASDAQ:ISBC)

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