Boston Partners lowered its position in Investors Bancorp, Inc. (NASDAQ:ISBC) by 21.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,446 shares of the savings and loans company’s stock after selling 65,224 shares during the quarter. Boston Partners’ holdings in Investors Bancorp were worth $3,310,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in shares of Investors Bancorp in the fourth quarter valued at $125,000. Citigroup Inc. increased its position in Investors Bancorp by 45.7% during the 2nd quarter. Citigroup Inc. now owns 10,898 shares of the savings and loans company’s stock worth $146,000 after purchasing an additional 3,417 shares in the last quarter. Gotham Asset Management LLC increased its position in Investors Bancorp by 17.1% during the 2nd quarter. Gotham Asset Management LLC now owns 13,305 shares of the savings and loans company’s stock worth $178,000 after purchasing an additional 1,941 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in Investors Bancorp during the 3rd quarter worth about $187,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Investors Bancorp during the 2nd quarter worth about $193,000. Institutional investors and hedge funds own 77.66% of the company’s stock.

Shares of Investors Bancorp, Inc. (ISBC) opened at $13.39 on Wednesday. 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, Inc. has a 52 week low of $12.48 and a 52 week high of $15.11. The stock has a market capitalization of $4,070.00, a PE ratio of 31.14, a price-to-earnings-growth ratio of 1.45 and a beta of 0.52.

Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Investors Bancorp had a return on equity of 5.69% and a net margin of 13.82%. The firm had revenue of $182.91 million for the quarter, compared to analyst estimates of $181.14 million. During the same period last year, the company earned $0.18 EPS. equities analysts predict that Investors Bancorp, Inc. will post 0.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Thursday, February 8th. Investors Bancorp’s payout ratio is 83.72%.

In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $13.94, for a total value of $69,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.96% of the stock is currently owned by company insiders.

A number of research firms recently commented on ISBC. Zacks Investment Research upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Sandler O’Neill cut Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Thursday, November 30th. They noted that the move was a valuation call. Barclays lifted their price objective on Investors Bancorp from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Monday, October 30th. BidaskClub cut Investors Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Finally, Keefe, Bruyette & Woods cut Investors Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.19.

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Investors Bancorp 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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