Thompson Siegel & Walmsley LLC grew its position in Investors Bancorp Inc (NASDAQ:ISBC) by 42.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,306,098 shares of the savings and loans company’s stock after purchasing an additional 985,609 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.92% of Investors Bancorp worth $40,566,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Gamco Investors INC. ET AL bought a new stake in shares of Investors Bancorp in the third quarter valued at approximately $152,000. Cerebellum GP LLC bought a new stake in shares of Investors Bancorp in the third quarter valued at approximately $170,000. Virtu Financial LLC bought a new stake in shares of Investors Bancorp in the second quarter valued at approximately $173,000. Engineers Gate Manager LP bought a new stake in shares of Investors Bancorp in the second quarter valued at approximately $196,000. Finally, Brown Advisory Inc. bought a new stake in shares of Investors Bancorp in the second quarter valued at approximately $250,000. 62.87% of the stock is currently owned by institutional investors.
NASDAQ ISBC opened at $12.15 on Friday. Investors Bancorp Inc has a fifty-two week low of $10.27 and a fifty-two week high of $14.69. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.21 and a quick ratio of 1.23.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.62%. This is an increase from Investors Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, November 8th. Investors Bancorp’s dividend payout ratio is presently 70.97%.
In related news, Director Robert C. Albanese sold 5,000 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $12.29, for a total value of $61,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.51% of the company’s stock.
Several equities research analysts have weighed in on ISBC shares. Zacks Investment Research upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. BidaskClub upgraded Investors Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. ValuEngine cut Investors Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Stephens restated a “buy” rating and set a $15.00 target price on shares of Investors Bancorp in a research note on Thursday, August 16th. Finally, Royal Bank of Canada restated a “buy” rating and set a $14.00 target price on shares of Investors Bancorp in a research note on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.79.
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About Investors Bancorp
Investors Bancorp, Inc operates as the holding company for Investors Bank that provides various banking products and services to individuals and businesses in the United States. Its deposit products include savings, checking, and money market accounts, as well as certificates of deposit. The company's loan portfolio comprises multi-family, commercial real estate, commercial and industrial, and construction loans; consumer and other loans primarily consisting of home equity loans, home equity lines of credit, and cash surrender value lending on life insurance contracts; and one-to four-family residential mortgage loans secured by one-to four-family residential real estate.
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