Brandywine Global Investment Management LLC reduced its stake in Investors Bancorp, Inc. (NASDAQ:ISBC) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,164,419 shares of the savings and loans company’s stock after selling 38,929 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.38% of Investors Bancorp worth $15,557,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ISBC. Wells Fargo & Company MN grew its holdings in Investors Bancorp by 7.1% in the 1st quarter. Wells Fargo & Company MN now owns 530,233 shares of the savings and loans company’s stock valued at $7,625,000 after buying an additional 35,081 shares in the last quarter. US Bancorp DE grew its holdings in Investors Bancorp by 4.1% in the 1st quarter. US Bancorp DE now owns 13,703 shares of the savings and loans company’s stock valued at $198,000 after buying an additional 546 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Investors Bancorp by 10.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,952,538 shares of the savings and loans company’s stock valued at $28,077,000 after buying an additional 184,081 shares in the last quarter. World Asset Management Inc grew its holdings in 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. Finally, Karp Capital Management Corp purchased a new stake in Investors Bancorp in the 1st quarter valued at $257,000. Institutional investors own 74.21% of the company’s stock.

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Investors Bancorp, Inc. (ISBC) opened at 13.64 on Friday. The company’s 50-day moving average price is $13.13 and its 200-day moving average price is $13.56. Investors Bancorp, Inc. has a one year low of $11.58 and a one year high of $15.11. The stock has a market capitalization of $4.04 billion, a PE ratio of 21.28 and a beta of 0.70.

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

Several analysts have issued reports on the company. Zacks Investment Research cut Investors Bancorp from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Piper Jaffray Companies reiterated a “buy” rating and set a $15.00 price target on shares of Investors Bancorp in a report on Thursday, August 3rd. Stephens set a $16.00 price target on Investors Bancorp and gave the stock a “buy” rating in a report on Friday, July 28th. BidaskClub cut Investors Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $16.00 price target on shares of Investors Bancorp in a report on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.21.

In related news, Director Dennis M. Bone sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $13.25, for a total value of $99,375.00. Following the completion of the transaction, the director now directly owns 172,644 shares in the company, valued at $2,287,533. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian D. Dittenhafer sold 22,500 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $13.05, for a total value of $293,625.00. Following the completion of the transaction, the director now owns 350,388 shares of the company’s stock, valued at $4,572,563.40. The disclosure for this sale can be found here. Insiders sold 55,000 shares of company stock valued at $720,000 over the last quarter. 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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Institutional Ownership by Quarter for Investors Bancorp (NASDAQ:ISBC)

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