Investors Bancorp, Inc. (NASDAQ: ISBC) Receives “Buy” Average Rating from Brokerage Firms


Investors Bancorp, Inc. (NASDAQ: ISBC) has received a consensus rating of “Buy” from the six research companies that currently cover the stock, reports Marketbeat Ratings. Two equity research analysts rated the stock with a keep recommendation and four issued a buy recommendation on the company. The 12-month average price target among brokers who updated their stock coverage in the past year is $ 16.80.

The VSI has been the subject of a number of recent research reports. Stephens upgraded shares of Investors Bancorp from an “equal weight” to an “overweight” rating and raised its price target for the share from $ 15.50 to $ 17.50 in a report released on Friday August 20. Zacks investment research upgraded Investors Bancorp shares from a “hold” rating to a “buy” rating and set a price target of $ 18.00 on the stock in a report released on Wednesday, November 17. Finally, Wells Fargo & Company raised its price target for Investors Bancorp shares from $ 14.65 to $ 16.00 and gave the stock an “equal weight” rating in a report released on Thursday 7 October.

Meanwhile, CFO P. Sean Burke sold 100,946 shares in a trade that took place on Wednesday, November 24. The shares were sold at an average price of $ 16.21, for a total transaction of $ 1,636,334.66. The transaction has been disclosed in a legal file with the SEC, which can be accessed via this hyperlink. Company insiders own 3.22% of the company’s shares.

A number of institutional investors have recently changed their holdings in VSIs. CNH Partners LLC purchased a new position in Investors Bancorp in the third quarter valued at approximately $ 53,546,000. Arrowstreet Capital Limited Partnership purchased a new position in Investors Bancorp in the third quarter valued at approximately $ 21,932,000. Wellington Management Group LLP purchased a new position in Investors Bancorp in the third quarter valued at approximately $ 21,283,000. Millennium Management LLC increased its position in Investors Bancorp by 1,713.1% in the third quarter. Millennium Management LLC now owns 1,296,658 shares of the savings and loan company valued at $ 19,593,000 after acquiring an additional 1,225,143 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Investors Bancorp by 180.8% in the third quarter. Goldman Sachs Group Inc. now owns 1,889,321 shares of the savings and loan company valued at $ 28,547,000 after acquiring an additional 1,216,431 shares during the period. Institutional investors hold 74.05% of the shares of the company.

(A d)

Knightscope, Inc., a developer of advanced physical security technologies focused on improving security operations in the United States, has begun offering up to $ 40 million of Class A common stock, with the shares to be listed immediately after the close of NASDAQ under the ticker symbol “KSCP.”

NASDAQ ISBC shares opened at $ 15.11 on Tuesday. Investors Bancorp has a one-year low at $ 9.88 and a one-year high at $ 16.35. The company has a leverage ratio of 1.24, a current ratio of 1.10, and a quick ratio of 1.10. The company’s 50-day moving average is $ 15.59 and its 200-day moving average is $ 14.65. The stock has a market cap of $ 3.74 billion, a P / E ratio of 12.09 and a beta of 1.07.

Investors Bancorp (NASDAQ: ISBC) last reported its quarterly results on Tuesday, October 26. The savings and loan company reported earnings of $ 0.28 per share (EPS) for the quarter, missing the consensus estimate of $ 0.31 of ($ 0.03). Investors Bancorp had a net margin of 28.94% and a return on equity of 11.23%. The company posted revenue of $ 210.55 million for the quarter, compared to $ 211.83 million expected by analysts. In the same quarter of the previous year, the company achieved EPS of $ 0.27. Quarterly revenues of Investors Bancorp increased 4.5% compared to the same quarter last year. Research analysts predict that Investors Bancorp will post earnings per share of 1.27 for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 26. Shareholders of record on Wednesday, November 10 received a dividend of $ 0.14 per share. This represents a dividend of $ 0.56 on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Tuesday, November 9. Investors Bancorp’s payout ratio is 44.80%.

About Bancorp Investors

Investors Bancorp, Inc. operates as a banking holding company, which provides banking services. It offers banking solutions to individuals, small businesses and businesses. Its services include financial education, loans, investments and planning, treasury management and industry. The company was founded in 1926 and is headquartered in Short Hills, New Jersey.

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Analyst recommendations for Bancorp investors (NASDAQ: ISBC)

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