Investors Bancorp Inc (ISBC) Receives Consensus Rating of “Hold” from Brokerages
Investors Bancorp Inc (NASDAQ:ISBC) has received an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $14.80.
A number of equities analysts recently weighed in on the company. Barclays reiterated a “hold” rating and issued a $14.00 price target on shares of Investors Bancorp in a research report on Friday. BidaskClub upgraded Investors Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, January 7th. Finally, Zacks Investment Research lowered Investors Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 4th.
NASDAQ:ISBC opened at $11.33 on Friday. The stock has a market cap of $4.05 billion, a P/E ratio of 18.27, a PEG ratio of 1.22 and a beta of 0.78. Investors Bancorp has a 52-week low of $9.94 and a 52-week high of $14.69. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.60.
In related news, Director Robert C. Albanese sold 5,000 shares of the stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $10.28, for a total value of $51,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.51% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Martin Capital Partners LLC acquired a new stake in Investors Bancorp during the 3rd quarter worth about $105,000. Gamco Investors INC. ET AL acquired a new stake in Investors Bancorp during the 3rd quarter worth about $152,000. Cerebellum GP LLC acquired a new stake in Investors Bancorp during the 3rd quarter worth about $170,000. Jane Street Group LLC acquired a new stake in Investors Bancorp during the 3rd quarter worth about $172,000. Finally, HRT Financial LLC acquired a new stake in shares of Investors Bancorp during the 3rd quarter valued at about $226,000. Hedge funds and other institutional investors own 60.91% of the company’s stock.
Investors Bancorp Company Profile
Investors Bancorp, Inc operates as the holding company for Investors Bank that provides various banking products and services to individuals and businesses in the United States. Its deposit products include savings, checking, and money market accounts, as well as certificates of deposit. The company's loan portfolio comprises multi-family, commercial real estate, commercial and industrial, and construction loans; consumer and other loans primarily consisting of home equity loans, home equity lines of credit, and cash surrender value lending on life insurance contracts; and one-to four-family residential mortgage loans secured by one-to four-family residential real estate.
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