Somewhat Positive News Coverage Somewhat Unlikely to Impact Investors Bancorp (ISBC) Share Price
Media headlines about Investors Bancorp (NASDAQ:ISBC) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Investors Bancorp earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the savings and loans company an impact score of 46.081796860742 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- ETFs with exposure to Investors Bancorp, Inc. : November 21, 2017 (finance.yahoo.com)
- Brokerages Anticipate Investors Bancorp, Inc. (ISBC) Will Post Quarterly Sales of $181.14 Million (americanbankingnews.com)
- Investors Bancorp, Inc. :ISBC-US: Earnings Analysis: Q3, 2017 By the Numbers : November 20, 2017 (finance.yahoo.com)
- Brokerages Anticipate Investors Bancorp, Inc. (ISBC) Will Announce Earnings of $0.15 Per Share (americanbankingnews.com)
- Investors Bancorp, Inc. – Value Analysis (NASDAQ:ISBC) : November 17, 2017 (finance.yahoo.com)
Shares of Investors Bancorp (NASDAQ:ISBC) traded down $0.04 during trading hours on Friday, reaching $14.17. 683,374 shares of the company traded hands, compared to its average volume of 2,531,841. Investors Bancorp has a 12-month low of $12.48 and a 12-month high of $15.11. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $4,350.50, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.01 and a beta of 0.68.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be paid a dividend of $0.09 per share. This is a positive change from Investors Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Thursday, November 9th. Investors Bancorp’s dividend payout ratio (DPR) is currently 56.25%.
A number of equities research analysts have recently weighed in on the stock. Barclays PLC raised their price objective on shares of Investors Bancorp from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Monday, October 30th. Zacks Investment Research upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Stephens set a $16.00 price objective on shares of Investors Bancorp and gave the company a “buy” rating in a report on Friday, July 28th. Piper Jaffray Companies restated a “buy” rating and issued a $15.00 price objective on shares of Investors Bancorp in a report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods lowered shares of Investors Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.21.
In related news, Director Robert M. Cashill sold 25,000 shares of Investors Bancorp stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $13.08, for a total transaction of $327,000.00. Following the sale, the director now directly owns 756,902 shares in the company, valued at approximately $9,900,278.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis M. Bone sold 7,500 shares of Investors Bancorp stock in a transaction 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 sale, the director now owns 172,644 shares in the company, valued at $2,287,533. The disclosure for this sale can be found here. Insiders have sold a total of 37,500 shares of company stock worth $494,475 over the last quarter. 2.96% of the stock is owned by company insiders.
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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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