Schwab Charles Investment Management Inc. lifted its position in Investors Bancorp, Inc. (NASDAQ:ISBC) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,889,633 shares of the savings and loans company’s stock after buying an additional 5,189 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.63% of Investors Bancorp worth $25,246,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. World Asset Management Inc grew its stake in shares of Investors Bancorp by 0.7% in the 1st quarter. World Asset Management Inc now owns 10,909 shares of the savings and loans company’s stock valued at $157,000 after buying an additional 72 shares in the last quarter. US Bancorp DE grew its stake in shares of Investors Bancorp by 2.7% in the 2nd quarter. US Bancorp DE now owns 14,077 shares of the savings and loans company’s stock valued at $189,000 after buying an additional 374 shares in the last quarter. Cipher Capital LP grew its stake in shares of Investors Bancorp by 2.5% in the 1st quarter. Cipher Capital LP now owns 43,028 shares of the savings and loans company’s stock valued at $619,000 after buying an additional 1,031 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in shares of Investors Bancorp by 25.2% in the 2nd quarter. CHICAGO TRUST Co NA now owns 15,132 shares of the savings and loans company’s stock valued at $202,000 after buying an additional 3,045 shares in the last quarter. Finally, Global X Management Co. LLC grew its stake in shares of Investors Bancorp by 5.8% in the 2nd quarter. Global X Management Co. LLC now owns 69,165 shares of the savings and loans company’s stock valued at $924,000 after buying an additional 3,768 shares in the last quarter. 74.73% of the stock is owned by institutional investors and hedge funds.

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ISBC has been the subject of several recent research reports. BidaskClub cut Investors Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Zacks Investment Research raised Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Royal Bank Of Canada reissued a “buy” rating and issued a $16.00 price target on shares of Investors Bancorp in a research note on Friday, July 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $15.00 price target on shares of Investors Bancorp in a research note on Thursday, August 3rd. Finally, Stephens set a $16.00 price target on Investors Bancorp and gave the company a “buy” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Investors Bancorp has a consensus rating of “Hold” and an average price target of $15.21.

Shares of Investors Bancorp, Inc. (NASDAQ ISBC) opened at 13.29 on Friday. The company has a market cap of $3.93 billion, a PE ratio of 20.73 and a beta of 0.70. Investors Bancorp, Inc. has a 52 week low of $11.58 and a 52 week high of $15.11. The company has a 50 day moving average price of $13.11 and a 200 day moving average price of $13.60.

Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The company had revenue of $176.38 million for the quarter, compared to analyst estimates of $179.25 million. Investors Bancorp had a return on equity of 5.79% and a net margin of 20.91%. During the same period last year, the firm earned $0.15 EPS. On average, equities analysts expect that Investors Bancorp, Inc. will post $0.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Thursday, August 10th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Tuesday, August 8th. Investors Bancorp’s dividend payout ratio (DPR) is 50.79%.

In other Investors Bancorp news, Director Dennis M. Bone sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $13.25, for a total transaction of $99,375.00. Following the transaction, the director now owns 172,644 shares of the company’s stock, valued at approximately $2,287,533. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian D. Dittenhafer sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $13.05, for a total value of $293,625.00. Following the transaction, the director now directly owns 350,388 shares in the company, valued at approximately $4,572,563.40. The disclosure for this sale can be found here. Insiders have sold a total of 55,000 shares of company stock worth $720,000 in the last ninety days. Insiders own 2.96% of the company’s stock.

About Investors Bancorp

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.

Institutional Ownership by Quarter for Investors Bancorp (NASDAQ:ISBC)

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