Wall Street brokerages expect Investors Bancorp, Inc. (NASDAQ:ISBC) to announce $183.58 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Investors Bancorp’s earnings. The lowest sales estimate is $181.95 million and the highest is $185.20 million. Investors Bancorp posted sales of $176.82 million in the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The company is scheduled to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Investors Bancorp will report full-year sales of $183.58 million for the current fiscal year, with estimates ranging from $729.10 million to $745.90 million. For the next year, analysts forecast that the firm will report sales of $776.07 million per share, with estimates ranging from $756.53 million to $795.60 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Investors Bancorp.
Investors Bancorp (NASDAQ:ISBC) last announced its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Investors Bancorp had a return on equity of 5.69% and a net margin of 13.82%. The business had revenue of $182.91 million during the quarter, compared to the consensus estimate of $181.14 million. During the same period in the prior year, the company earned $0.18 EPS.
Investors Bancorp (NASDAQ:ISBC) opened at $13.59 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $4,100.00, a PE ratio of 31.60, a price-to-earnings-growth ratio of 1.45 and a beta of 0.52. Investors Bancorp has a 1 year low of $12.48 and a 1 year high of $15.11.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.36 annualized dividend and a yield of 2.65%. Investors Bancorp’s dividend payout ratio is presently 83.72%.
In other news, Director William V. Cosgrove sold 100,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $13.38, for a total value of $1,338,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Corporate insiders own 2.96% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. acquired a new stake in shares of Investors Bancorp in the second quarter valued at about $216,000. Bank of Montreal Can increased its stake in shares of Investors Bancorp by 325.3% in the fourth quarter. Bank of Montreal Can now owns 2,585,909 shares of the savings and loans company’s stock valued at $35,892,000 after buying an additional 1,977,898 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Investors Bancorp in the fourth quarter valued at about $125,000. Fox Run Management L.L.C. increased its stake in shares of Investors Bancorp by 113.1% in the fourth quarter. Fox Run Management L.L.C. now owns 23,650 shares of the savings and loans company’s stock valued at $328,000 after buying an additional 12,550 shares during the period. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Investors Bancorp in the second quarter valued at about $373,000. 77.66% of the stock is owned by 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.
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