Zacks Investment Research Lowers Investors Bancorp (NASDAQ: ISBC) To Hold


Investors Bancorp (NASDAQ: ISBC) has been downgraded from Zacks investment research from a “buy” note to a “keep” note in a research note issued to investors on Wednesday, reports.

According to Zacks, “Investors Bancorp, Inc. operates as a holding company for Investors Savings Bank, which provides a range of banking services in the United States. The company generates deposits and issues loans. The company operates from its head office in Short Hills. , New Jersey, and fifty-three branches located in the counties of Essex, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Somerset, Union and Warren, New Jersey. The Bank deals with attracting deposits from the public through its branch network and borrowing funds from wholesale markets to create loans and invest in securities. . “

Separately, Wells Fargo & Company raised its price target for Investors Bancorp shares from $ 14.65 to $ 16.00 and gave the stock an “equal weight” rating in a published research report. Thursday, October 7. Three equity research analysts rated the stock with a conservation rating and three gave the stock a buy rating. According to data from, the company currently has a consensus rating of “Buy” and an average price target of $ 16.67.

VSI stock opened at $ 15.06 on Wednesday. The company has a current ratio of 1.10, a rapid ratio of 1.10 and a debt ratio of 1.24. Investors Bancorp has a twelve month low of $ 10.18 and a twelve month high of $ 16.35. The company’s 50-day moving average is $ 15.36 and its two-hundred-day moving average is $ 14.65. The stock has a market cap of $ 3.73 billion, a P / E ratio of 12.05 and a beta of 1.07.

Investors Bancorp (NASDAQ: ISBC) last released its quarterly results on Tuesday, October 26. The savings and loan company reported earnings of $ 0.28 per share for the quarter, missing analyst consensus estimates of $ 0.31 per ($ 0.03). The company posted revenue of $ 210.55 million for the quarter, compared to analysts’ estimates of $ 211.83 million. Investors Bancorp posted a return on equity of 11.23% and a net margin of 28.94%. The company’s revenue for the quarter increased 4.5% from the same quarter last year. During the same period of the previous year, the company posted $ 0.27 in EPS. On average, equity research analysts predict that Investors Bancorp will post earnings per share of 1.27 for the current year.

In other Investors Bancorp news, CFO P. Sean Burke sold 100,946 shares of the company in a trade on Wednesday, November 24. The shares were sold at an average price of $ 16.21, for a total transaction of $ 1,636,334.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.22% of the shares are currently held by insiders.

Several large investors have recently increased or reduced their holdings in ISBC. CNH Partners LLC acquired a new position in the shares of Investors Bancorp during the 3rd quarter valued at $ 53,546,000. Arrowstreet Capital Limited Partnership acquired a new position in the shares of Investors Bancorp during the third quarter valued at $ 21,932,000. Wellington Management Group LLP acquired a new position in Investors Bancorp in the third quarter, valued at approximately $ 21,283,000. Millennium Management LLC increased its stake in Investors Bancorp by 1,713.1% in the 3rd quarter. Millennium Management LLC now owns 1,296,658 shares of the savings and loan company valued at $ 19,593,000 after purchasing an additional 1,225,143 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Investors Bancorp by 180.8% in the 3rd quarter. Goldman Sachs Group Inc. now owns 1,889,321 shares of the savings and loan company valued at $ 28,547,000 after purchasing an additional 1,216,431 shares in the last quarter. 74.05% of the shares are held by institutional investors and hedge funds.

Investors Bancorp Company Profile

Investors Bancorp, Inc. operates as a banking holding company, which provides banking services. It offers banking solutions to individuals, small businesses and businesses. Its services include financial education, loans, investments and planning, treasury management and industry. The company was founded in 1926 and is headquartered in Short Hills, New Jersey.

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Analyst recommendations for Bancorp investors (NASDAQ: ISBC)

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