Investors Bancorp, Inc. (ISBC) Upgraded at BidaskClub

Alain Brian
Juillet 9, 2017

On average, analysts anticipate that Investors Bancorp, Inc. will post $0.62 earnings per share for the current year. Two analysts have made estimates for Investors Bancorp's earnings. (NASDAQ:CSBK) was up +0.36% during the last trading session, with a day high of 16.89.

Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings results on Thursday, April 27th. Equities research analysts predict that Investors Bancorp will post $0.62 EPS for the current year. BidaskClub cut shares of Investors Bancorp from a "hold" rating to a "sell" rating in a report on Friday, June 23rd.

The share price of Clifton Savings Bancorp, Inc. The savings and loans company reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.16. The business had revenue of $176.82 million for the quarter, compared to the consensus estimate of $175.48 million. During the same period in the previous year, the business posted $0.14 earnings per share.

ISBC has been the topic of a number of other research reports. Finally, Keefe, Bruyette & Woods set a $16.00 price target on Investors Bancorp and gave the company a "buy" rating in a report on Monday, April 3rd. Deutsche Bank AG reduced their price target on Investors Bancorp from $15.00 to $14.50 and set a "hold" rating on the stock in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. The company now has a consensus rating of "Hold" and an average price target of $14.75.

Investors Bancorp (ISBC) opened at 13.21 on Friday. 1,954,335 shares of the stock were exchanged. The firm's 50 day moving average is $13.40 and its 200 day moving average is $14.01. Investors Bancorp has a 52 week low of $10.67 and a 52 week high of $15.11. The firm has a market capitalization of $4.06 billion, a P/E ratio of 20.68 and a beta of 0.65. Investors of record on Wednesday, May 10th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 19th. This represents a $0.16 annualized dividend and a dividend yield of 0.94%. Meridian Bancorp's payout ratio is 23.19%. Also, VP Paul Kalamaras sold 120,000 shares of the company's stock in a transaction on Tuesday, May 16th. Following the transaction, the vice president now owns 725,827 shares in the company, valued at approximately $9,863,988.93. The transaction was disclosed in a document filed with the SEC, which is available at this link.

In other news, Director Doreen R. Byrnes sold 40,000 shares of the company's stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $13.67, for a total value of $546,800.00. Following the sale, the director now directly owns 169,663 shares in the company, valued at $2,319,293.21. The disclosure for this sale can be found here. Insiders sold a total of 220,000 shares of company stock worth $3,050,000 in the last quarter. The firm now has a $19.00 price objective on the savings and loans company's stock. Dimensional Fund Advisors LP boosted its position in Investors Bancorp by 2.8% in the fourth quarter. Comerica Bank now owns 443,513 shares of the savings and loans company's stock valued at $6,444,000 after buying an additional 3,020 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Investors Bancorp by 17.5% in the first quarter. Tudor Investment Corp Et Al now owns 28,276 shares of the savings and loans company's stock valued at $534,000 after buying an additional 1,869 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Investors Bancorp during the fourth quarter worth $162,000. Raymond James Financial Services Advisors Inc. boosted its position in Investors Bancorp by 56.1% in the fourth quarter. Guggenheim Capital LLC boosted its stake in Investors Bancorp by 22.0% in the fourth quarter. State Street Corp now owns 12,226,055 shares of the savings and loans company's stock worth $170,551,000 after buying an additional 1,254,474 shares during the last quarter. Institutional investors and hedge funds own 76.07% of the company's stock. "(ISBC) Upgraded at BidaskClub" was reported by Stock Observer and is the property of of Stock Observer. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of USA and global copyright and trademark legislation.

Clifton Bancorp Inc, formerly Clifton Savings Bancorp, Inc, is a savings and loan holding company that operates through its subsidiary, Clifton Savings Bank (Clifton Savings). The Bank is a state-chartered stock savings bank that operates from 24 full-service locations and two loan centers in the Boston metropolitan area.

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