Wells Fargo & Company MN decreased its holdings in Investors Bancorp, Inc. (NASDAQ:ISBC) by 38.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 378,316 shares of the savings and loans company’s stock after selling 240,956 shares during the quarter. Wells Fargo & Company MN owned 0.12% of Investors Bancorp worth $5,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ISBC. Citigroup Inc. boosted its stake in shares of Investors Bancorp by 45.7% in the second quarter. Citigroup Inc. now owns 10,898 shares of the savings and loans company’s stock valued at $146,000 after purchasing an additional 3,417 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Investors Bancorp by 6.8% in 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 purchasing an additional 739 shares during the period. Gotham Asset Management LLC boosted its stake in shares of Investors Bancorp by 17.1% in 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 purchasing an additional 1,941 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Investors Bancorp in the second quarter valued at approximately $193,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Investors Bancorp by 8.0% in the second quarter. PNC Financial Services Group Inc. now owns 15,780 shares of the savings and loans company’s stock valued at $211,000 after purchasing an additional 1,169 shares during the period. 78.52% of the stock is owned by institutional investors and hedge funds.

Investors Bancorp, Inc. (NASDAQ:ISBC) opened at $13.75 on Thursday. Investors Bancorp, Inc. has a 12 month low of $12.48 and a 12 month high of $15.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.42. The stock has a market cap of $4,230.00, a P/E ratio of 21.83, a P/E/G ratio of 1.75 and a beta of 0.53.

Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.16 earnings per share (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 company had revenue of $179.31 million during the quarter, compared to the consensus estimate of $178.16 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. equities research analysts forecast that Investors Bancorp, Inc. will post 0.59 EPS for the current fiscal year.

In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $13.94, for a total transaction of $69,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.96% of the stock is owned by insiders.

ISBC has been the subject of several recent research reports. Zacks Investment Research raised shares of Investors Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, November 8th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.50 price target on shares of Investors Bancorp in a research note on Friday, December 22nd. BidaskClub downgraded shares of Investors Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Sandler O’Neill downgraded shares of Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Thursday, November 30th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies downgraded shares of Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price target for the company. in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Investors Bancorp has an average rating of “Hold” and an average target price of $15.50.

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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.

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

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