Investors Bancorp Inc (NASDAQ:ISBC) Given Consensus Rating of “Hold” by Analysts

Investors Bancorp Inc (NASDAQ:ISBC) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.73.

A number of research firms have issued reports on ISBC. ValuEngine downgraded Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 25th. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub upgraded ZIX from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 3rd.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Investors Bancorp by 1.9% in the 4th quarter. BlackRock Inc. now owns 18,774,930 shares of the savings and loans company’s stock worth $195,262,000 after buying an additional 345,637 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Investors Bancorp by 12.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,575,152 shares of the savings and loans company’s stock worth $99,581,000 after buying an additional 1,082,081 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Investors Bancorp by 157.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,713,564 shares of the savings and loans company’s stock worth $55,856,000 after buying an additional 2,883,477 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of Investors Bancorp by 4.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,618,152 shares of the savings and loans company’s stock worth $42,875,000 after buying an additional 137,958 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Investors Bancorp by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 3,030,028 shares of the savings and loans company’s stock worth $31,511,000 after buying an additional 106,555 shares during the last quarter. Hedge funds and other institutional investors own 74.00% of the company’s stock.

ISBC stock traded up $0.11 during mid-day trading on Friday, reaching $11.24. 1,866,856 shares of the company traded hands, compared to its average volume of 1,664,811. The firm has a market cap of $3.13 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 1.94. Investors Bancorp has a fifty-two week low of $9.94 and a fifty-two week high of $13.12. The company has a 50 day simple moving average of $10.84.

Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings results on Wednesday, April 24th. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $173.87 million for the quarter, compared to analyst estimates of $181.65 million. Investors Bancorp had a net margin of 19.18% and a return on equity of 7.30%. During the same quarter last year, the firm posted $0.20 EPS. On average, equities analysts predict that Investors Bancorp will post 0.74 EPS for the current fiscal year.

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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Analyst Recommendations for Investors Bancorp (NASDAQ:ISBC)

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