Highlander Capital Management LLC trimmed its position in shares of Investors Bancorp, Inc. (NASDAQ:ISBC) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,950 shares of the savings and loans company’s stock after selling 7,000 shares during the period. Highlander Capital Management LLC’s holdings in Investors Bancorp were worth $327,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ISBC. Citigroup Inc. grew its stake in Investors Bancorp by 45.7% during the second quarter. Citigroup Inc. now owns 10,898 shares of the savings and loans company’s stock valued at $146,000 after acquiring an additional 3,417 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Investors Bancorp by 6.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,667 shares of the savings and loans company’s stock valued at $156,000 after acquiring an additional 739 shares in the last quarter. Gotham Asset Management LLC grew its stake in Investors Bancorp by 17.1% during the second quarter. Gotham Asset Management LLC now owns 13,305 shares of the savings and loans company’s stock valued at $178,000 after acquiring an additional 1,941 shares in the last quarter. US Bancorp DE grew its stake in Investors Bancorp by 2.7% during the second quarter. US Bancorp DE now owns 14,077 shares of the savings and loans company’s stock valued at $189,000 after acquiring an additional 374 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Investors Bancorp during the second quarter valued at $193,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.

In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of Investors Bancorp stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $13.62, for a total value of $68,100.00. Following the completion of the transaction, the director now directly owns 157,188 shares of the company’s stock, valued at approximately $2,140,900.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.96% of the company’s stock.

Several equities analysts recently weighed in on ISBC shares. Zacks Investment Research raised shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods cut shares of Investors Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Piper Jaffray Companies cut shares of Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Wednesday, November 29th. Barclays raised their target price on shares of Investors Bancorp from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Monday, October 30th. Finally, Sandler O’Neill cut shares of Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Thursday, November 30th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Investors Bancorp presently has an average rating of “Hold” and an average target price of $15.31.

Investors Bancorp, Inc. (NASDAQ:ISBC) opened at $13.99 on Tuesday. Investors Bancorp, Inc. has a 52 week low of $12.48 and a 52 week high of $15.11. The company has a market cap of $4,307.64, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.99 and a beta of 0.68. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.42.

Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Investors Bancorp had a net margin of 20.55% and a return on equity of 5.84%. The business had revenue of $179.31 million during the quarter, compared to analysts’ expectations of $178.16 million. During the same period last year, the company posted $0.15 EPS. sell-side analysts anticipate that Investors Bancorp, Inc. will post 0.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were paid a $0.09 dividend. This is a boost from Investors Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, November 9th. Investors Bancorp’s dividend payout ratio (DPR) is presently 56.25%.

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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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