News articles about Investors Bancorp (NASDAQ:ISBC) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Investors Bancorp earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the savings and loans company an impact score of 46.0896730109615 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Zacks Investment Research Downgrades Investors Bancorp (ISBC) to Hold (americanbankingnews.com)
- Investors Bancorp, Inc. (ISBC) CFO Sells $708,500.00 in Stock (americanbankingnews.com)
- Xeris Pharmaceuticals, Inc. Completes $55 million In New Financing To Support Ready-To-Use Glucagon Development (thenewsreports.com)
- Investors Bancorp, Inc. (ISBC) Position Raised by UBS Asset Management Americas Inc. (americanbankingnews.com)
Shares of Investors Bancorp (ISBC) opened at $14.34 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.20 and a debt-to-equity ratio of 1.43. Investors Bancorp has a twelve month low of $12.48 and a twelve month high of $14.85. The stock has a market capitalization of $4,360.00, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 1.57 and a beta of 0.50.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.51%. Investors Bancorp’s payout ratio is 83.72%.
A number of analysts have issued reports on ISBC shares. Piper Jaffray Companies lowered Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Wednesday, November 29th. Sandler O’Neill downgraded 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. BidaskClub downgraded Investors Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded Investors Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, December 13th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $15.50 price objective on shares of Investors Bancorp in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.31.
In other news, Director Robert C. Albanese sold 5,000 shares of Investors Bancorp stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $13.94, for a total value of $69,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William V. Cosgrove sold 100,000 shares of Investors Bancorp stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $13.38, for a total value of $1,338,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 155,000 shares of company stock valued at $2,116,200. Insiders own 2.96% of the company’s stock.
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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