Investors Bancorp, Inc. (ISBC) Director Sells $1,338,000.00 in Stock

Investors Bancorp, Inc. (NASDAQ:ISBC) Director William V. Cosgrove sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $13.38, for a total value of $1,338,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Investors Bancorp, Inc. (ISBC) traded up $0.10 on Wednesday, reaching $13.39. 1,876,600 shares of the company’s stock were exchanged, compared to its average volume of 2,388,417. 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, Inc. has a twelve month low of $12.48 and a twelve month high of $15.11. The stock has a market cap of $4,068.42, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 1.45 and a beta of 0.67.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, February 8th. Investors Bancorp’s dividend payout ratio (DPR) is 81.82%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nomura Holdings Inc. purchased a new position in Investors Bancorp in the 2nd quarter worth approximately $216,000. Bank of Montreal Can lifted its stake in Investors Bancorp by 325.3% in the 4th quarter. Bank of Montreal Can now owns 2,585,909 shares of the savings and loans company’s stock worth $35,892,000 after purchasing an additional 1,977,898 shares in the last quarter. Cerebellum GP LLC purchased a new position in Investors Bancorp in the 4th quarter worth approximately $125,000. Fox Run Management L.L.C. lifted its stake in Investors Bancorp by 113.1% in the 4th quarter. Fox Run Management L.L.C. now owns 23,650 shares of the savings and loans company’s stock worth $328,000 after purchasing an additional 12,550 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new position in Investors Bancorp in the 2nd quarter worth approximately $373,000. 77.66% of the stock is currently owned by institutional investors and hedge funds.

ISBC has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut Investors Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Barclays lifted their price objective on Investors Bancorp from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Monday, October 30th. Zacks Investment Research upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Piper Jaffray Companies cut Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Wednesday, November 29th. Finally, Sandler O’Neill cut Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Thursday, November 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.19.

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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.

Insider Buying and Selling by Quarter for Investors Bancorp (NASDAQ:ISBC)

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