Investors Bancorp, Inc. (NASDAQ:ISBC) To Go Ex-Dividend on August 8th
Investors Bancorp, Inc. (NASDAQ:ISBC) declared a quarterly dividend on Friday, July 28th, Wall Street Journal reports. Investors of record on Thursday, August 10th will be given a dividend of 0.08 per share by the savings and loans company on Friday, August 25th. This represents a $0.32 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, August 8th.
Investors Bancorp (NASDAQ:ISBC) opened at 13.42 on Monday. Investors Bancorp has a 1-year low of $11.10 and a 1-year high of $15.11. The company has a 50 day moving average price of $13.28 and a 200 day moving average price of $13.88. The firm has a market cap of $3.97 billion, a PE ratio of 20.94 and a beta of 0.70.
Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The business had revenue of $176.38 million during the quarter, compared to analyst estimates of $179.25 million. Investors Bancorp had a net margin of 20.91% and a return on equity of 5.80%. During the same period in the prior year, the business posted $0.15 earnings per share. On average, equities research analysts forecast that Investors Bancorp will post $0.56 earnings per share for the current year.
In related news, VP Paul Kalamaras sold 120,000 shares of Investors Bancorp stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $13.59, for a total transaction of $1,630,800.00. Following the sale, the vice president now directly owns 725,827 shares of the company’s stock, valued at $9,863,988.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.96% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on ISBC shares. Zacks Investment Research downgraded Investors Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Deutsche Bank AG lowered their price target on Investors Bancorp from $15.00 to $14.50 and set a “hold” rating on the stock in a research report on Wednesday, May 3rd. BidaskClub raised Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $16.00 price target on shares of Investors Bancorp in a research report on Friday, July 7th. Finally, Stephens started coverage on Investors Bancorp in a research report on Thursday, July 13th. They issued an “overweight” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Investors Bancorp presently has a consensus rating of “Hold” and an average price target of $15.21.
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.
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