Investors Bancorp (ISBC) Downgraded by BidaskClub

Investors Bancorp (NASDAQ:ISBC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other equities analysts also recently issued reports on ISBC. Zacks Investment Research upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Keefe, Bruyette & Woods downgraded 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 Investors Bancorp from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Monday, October 30th. Piper Jaffray Companies cut Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Wednesday, November 29th. Finally, Sandler O’Neill cut Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Thursday, November 30th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Investors Bancorp has a consensus rating of “Hold” and a consensus target price of $15.50.

Shares of Investors Bancorp (ISBC) traded down $0.05 on Friday, hitting $13.74. The stock had a trading volume of 2,620,265 shares, compared to its average volume of 1,723,750. 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 company has a market capitalization of $4,209.67, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 1.74 and a beta of 0.68.

Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. Investors Bancorp had a return on equity of 5.84% and a net margin of 20.55%. The company had revenue of $179.31 million during the quarter, compared to the consensus estimate of $178.16 million. During the same period last year, the company earned $0.15 earnings per share. research analysts predict that Investors Bancorp will post 0.59 EPS for the current fiscal year.

In related news, Director Robert C. Albanese sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $13.94, for a total transaction of $69,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.96% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Belpointe Asset Management LLC acquired a new stake in Investors Bancorp in the third quarter valued at approximately $187,000. Cubist Systematic Strategies LLC acquired a new stake in Investors Bancorp in the third quarter valued at approximately $316,000. Beacon Investment Advisory Services Inc. grew its stake in Investors Bancorp by 118.0% in the third quarter. Beacon Investment Advisory Services Inc. now owns 730,076 shares of the savings and loans company’s stock valued at $9,958,000 after acquiring an additional 395,181 shares during the period. Janus Henderson Group PLC grew its stake in Investors Bancorp by 20.8% in 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 acquiring an additional 783,442 shares during the period. Finally, Jane Street Group LLC grew its stake in Investors Bancorp by 36.2% in 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 acquiring an additional 11,885 shares during the period. 78.52% of the stock is owned by hedge funds and other institutional investors.

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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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