NBW Capital LLC raised its stake in Investors Bancorp, Inc. (NASDAQ:ISBC) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 245,447 shares of the savings and loans company’s stock after buying an additional 7,592 shares during the period. NBW Capital LLC owned approximately 0.08% of Investors Bancorp worth $3,407,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of ISBC. Public Employees Retirement Association of Colorado bought a new position in shares of Investors Bancorp in the fourth quarter valued at $117,000. Cerebellum GP LLC acquired a new stake in Investors Bancorp during the 4th quarter valued at $125,000. Belpointe Asset Management LLC acquired a new stake in Investors Bancorp during the 3rd quarter valued at $187,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Investors Bancorp by 174.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,007 shares of the savings and loans company’s stock valued at $208,000 after purchasing an additional 9,546 shares during the period. Finally, Signition LP acquired a new stake in Investors Bancorp during the 4th quarter valued at $232,000. 80.34% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on ISBC. Zacks Investment Research downgraded shares of Investors Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub raised shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. Barclays cut their target price on shares of Investors Bancorp from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 30th. Piper Jaffray Companies reissued a “hold” rating and set a $15.50 target price on shares of Investors Bancorp in a research note on Monday, January 29th. Finally, Sandler O’Neill reissued a “hold” rating and set a $15.00 target price on shares of Investors Bancorp in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.31.
Investors Bancorp, Inc. (NASDAQ:ISBC) opened at $14.34 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.18 and a current ratio of 1.18. Investors Bancorp, Inc. has a fifty-two week low of $12.48 and a fifty-two week high of $14.85. The company has a market cap of $4,358.68, a price-to-earnings ratio of 22.76, a PEG ratio of 1.57 and a beta of 0.66.
Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Investors Bancorp had a net margin of 13.82% and a return on equity of 5.71%. The business had revenue of $182.91 million for the quarter, compared to analysts’ expectations of $181.14 million. During the same period in the previous year, the company posted $0.18 EPS. sell-side analysts predict that Investors Bancorp, Inc. will post 0.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, February 8th. Investors Bancorp’s dividend payout ratio is currently 81.82%.
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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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