Investors Bancorp (NASDAQ:ISBC) had its target price boosted by investment analysts at Barclays from $14.00 to $15.00 in a report issued on Tuesday. The brokerage currently has an “underweight” rating on the savings and loans company’s stock. Barclays’ target price points to a potential upside of 8.07% from the stock’s current price.
ISBC has been the topic of a number of other research reports. Zacks Investment Research raised shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.50 target price on shares of Investors Bancorp in a research note on Friday, December 22nd. 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 research note on Wednesday, November 29th. BidaskClub cut shares of Investors Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Sandler O’Neill cut shares of Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Thursday, November 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Investors Bancorp presently has a consensus rating of “Hold” and an average price target of $15.50.
Investors Bancorp (ISBC) traded down $0.12 during midday trading on Tuesday, reaching $13.88. 1,206,700 shares of the company were exchanged, compared to its average volume of 2,542,275. The company has a market capitalization of $4,249.47, a PE ratio of 21.69, a P/E/G ratio of 1.95 and a beta of 0.68. Investors Bancorp has a twelve month low of $12.48 and a twelve month high of $15.11. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.20 and a current ratio of 1.20.
A number of institutional investors have recently modified their holdings of the business. Belpointe Asset Management LLC bought a new stake in Investors Bancorp during the third quarter worth about $187,000. Cubist Systematic Strategies LLC bought a new stake in Investors Bancorp during the third quarter worth about $316,000. Beacon Investment Advisory Services Inc. grew its stake in Investors Bancorp by 118.0% during the third quarter. Beacon Investment Advisory Services Inc. now owns 730,076 shares of the savings and loans company’s stock worth $9,958,000 after buying an additional 395,181 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Investors Bancorp by 20.8% during the third quarter. Janus Henderson Group PLC now owns 4,552,071 shares of the savings and loans company’s stock valued at $62,090,000 after purchasing an additional 783,442 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Investors Bancorp by 36.2% during the third quarter. Jane Street Group LLC now owns 44,680 shares of the savings and loans company’s stock valued at $609,000 after purchasing an additional 11,885 shares during the last quarter. 78.52% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: This article was originally published by American Banking and Market News and is owned by of American Banking and Market News. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/01/02/investors-bancorp-isbc-pt-raised-to-15-00-at-barclays.html.
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.
