BlackRock Inc. lowered its position in Investors Bancorp, Inc. (NASDAQ:ISBC) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,886,438 shares of the savings and loans company’s stock after selling 1,914,788 shares during the quarter. BlackRock Inc. owned 6.05% of Investors Bancorp worth $238,962,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Comerica Bank increased its position in shares of Investors Bancorp by 1.3% in the second quarter. Comerica Bank now owns 449,377 shares of the savings and loans company’s stock valued at $5,860,000 after buying an additional 5,864 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Investors Bancorp by 80.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 8,881,755 shares of the savings and loans company’s stock valued at $118,659,000 after buying an additional 3,950,175 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Investors Bancorp by 3.8% in the first quarter. Geode Capital Management LLC now owns 2,725,538 shares of the savings and loans company’s stock valued at $39,193,000 after buying an additional 98,739 shares in the last quarter. Marshall Wace LLP increased its position in shares of Investors Bancorp by 6.0% in the second quarter. Marshall Wace LLP now owns 527,924 shares of the savings and loans company’s stock valued at $6,863,000 after buying an additional 29,802 shares in the last quarter. Finally, Rothschild Asset Management Inc. increased its position in shares of Investors Bancorp by 3.9% in the second quarter. Rothschild Asset Management Inc. now owns 2,262,114 shares of the savings and loans company’s stock valued at $30,222,000 after buying an additional 84,773 shares in the last quarter. Institutional investors and hedge funds own 74.21% of the company’s stock.

A number of research analysts have recently weighed in on ISBC shares. BidaskClub cut Investors Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Zacks Investment Research cut Investors Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Royal Bank Of Canada restated a “buy” rating and issued a $16.00 price target on shares of Investors Bancorp in a research report on Friday, July 7th. Piper Jaffray Companies restated a “buy” rating and issued a $15.00 price target on shares of Investors Bancorp in a research report 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 report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Investors Bancorp presently has an average rating of “Hold” and an average price target of $15.08.

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In other news, Director Brian D. Dittenhafer sold 22,500 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $13.05, for a total transaction of $293,625.00. Following the completion of the sale, the director now directly owns 350,388 shares of the company’s stock, valued at $4,572,563.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert M. Cashill sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $13.08, for a total value of $327,000.00. Following the sale, the director now directly owns 756,902 shares of the company’s stock, valued at $9,900,278.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,000 shares of company stock valued at $788,100. 2.96% of the stock is currently owned by company insiders.

Shares of Investors Bancorp, Inc. (NASDAQ ISBC) opened at 13.63 on Friday. The company’s 50-day moving average price is $13.23 and its 200-day moving average price is $13.49. Investors Bancorp, Inc. has a 52-week low of $11.58 and a 52-week high of $15.11. The stock has a market cap of $4.03 billion, a PE ratio of 21.26 and a beta of 0.69.

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

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.

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

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