Brokerages expect Investors Bancorp, Inc. (NASDAQ:ISBC) to post earnings per share (EPS) of $0.16 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Investors Bancorp’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.15. Investors Bancorp also reported earnings per share of $0.16 during the same quarter last year. The firm is expected to announce its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Investors Bancorp will report full-year earnings of $0.73 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.78. For the next year, analysts expect that the company will post earnings of $0.75 per share, with EPS estimates ranging from $0.70 to $0.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Investors Bancorp.
Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $182.91 million during the quarter, compared to analyst estimates of $181.14 million. Investors Bancorp had a net margin of 13.82% and a return on equity of 5.69%. During the same quarter in the prior year, the business earned $0.18 earnings per share.
In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $13.94, for a total transaction of $69,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.96% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Prudential Financial Inc. lifted its holdings in shares of Investors Bancorp by 1.2% in the second quarter. Prudential Financial Inc. now owns 30,281 shares of the savings and loans company’s stock worth $405,000 after buying an additional 370 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Investors Bancorp by 16.8% in the second quarter. Wells Fargo & Company MN now owns 619,272 shares of the savings and loans company’s stock worth $8,274,000 after buying an additional 89,039 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Investors Bancorp by 8.0% in the second quarter. PNC Financial Services Group Inc. now owns 15,780 shares of the savings and loans company’s stock worth $211,000 after buying an additional 1,169 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Investors Bancorp in the second quarter worth about $576,000. Finally, Citigroup Inc. lifted its holdings in shares of Investors Bancorp by 45.7% in the second 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 in the last quarter. Hedge funds and other institutional investors own 79.17% of the company’s stock.
Investors Bancorp (NASDAQ:ISBC) traded down $0.48 on Friday, reaching $13.70. 3,214,375 shares of the company traded hands, compared to its average volume of 1,727,619. The company has a market capitalization of $4,341.31, a price-to-earnings ratio of 31.14, a P/E/G ratio of 1.61 and a beta of 0.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.20 and a current ratio of 1.20. Investors Bancorp has a one year low of $12.48 and a one year high of $15.11.
ILLEGAL ACTIVITY NOTICE: This news story was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/27/investors-bancorp-inc-isbc-expected-to-announce-earnings-of-0-16-per-share.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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Investors Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.