Investors Bancorp, Inc. (ISBC) Plans $0.09 Quarterly Dividend

Investors Bancorp, Inc. (NASDAQ:ISBC) declared a quarterly dividend on Thursday, January 25th, NASDAQ reports. Shareholders of record on Friday, February 9th will be paid a dividend of 0.09 per share by the savings and loans company on Friday, February 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, February 8th.

Investors Bancorp (NASDAQ:ISBC) remained flat at $$13.81 during midday trading on Friday. The stock had a trading volume of 4,533,163 shares, compared to its average volume of 2,124,217. The company has a market cap of $4,227.60, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 1.51 and a beta of 0.67. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.20 and a quick ratio of 1.20. Investors Bancorp has a fifty-two week low of $12.48 and a fifty-two week high of $15.11.

Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $182.91 million for the quarter, compared to analyst estimates of $181.14 million. Investors Bancorp had a return on equity of 5.69% and a net margin of 13.82%. During the same quarter last year, the firm posted $0.18 earnings per share. sell-side analysts expect that Investors Bancorp will post 0.76 EPS for the current fiscal year.

In related 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 value of $69,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.96% of the stock is currently owned by company insiders.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Investors Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub raised shares of Investors Bancorp from a “sell” rating to a “hold” rating in a report on Saturday. Barclays dropped their price objective on shares of Investors Bancorp from $15.00 to $14.00 and set an “underweight” rating for the company in a report on Tuesday. Piper Jaffray Companies reissued a “hold” rating and set a $15.50 price objective on shares of Investors Bancorp in a report on Monday, January 29th. Finally, Sandler O’Neill reissued a “hold” rating and set a $15.00 price objective on shares of Investors Bancorp in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Investors Bancorp presently has an average rating of “Hold” and an average price target of $15.31.

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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.

Dividend History for Investors Bancorp (NASDAQ:ISBC)

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