Investors Bancorp, Inc. (NASDAQ:ISBC) Director Dennis M. Bone sold 7,500 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $13.25, for a total value of $99,375.00. Following the completion of the transaction, the director now directly owns 172,644 shares of the company’s stock, valued at approximately $2,287,533. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Investors Bancorp, Inc. (NASDAQ ISBC) traded down 0.488% during trading on Thursday, hitting $13.255. The company’s stock had a trading volume of 4,479,140 shares. The company has a 50-day moving average price of $13.12 and a 200-day moving average price of $13.61. The stock has a market cap of $3.92 billion, a PE ratio of 20.679 and a beta of 0.70. Investors Bancorp, Inc. has a one year low of $11.58 and a one year high of $15.11.

Investors Bancorp (NASDAQ:ISBC) last announced its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Investors Bancorp had a net margin of 20.91% and a return on equity of 5.79%. The business had revenue of $176.38 million during the quarter, compared to analysts’ expectations of $179.25 million. During the same period in the prior year, the firm posted $0.15 EPS. Equities analysts predict that Investors Bancorp, Inc. will post $0.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Thursday, August 10th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.41%. Investors Bancorp’s payout ratio is 50.79%.

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Several hedge funds have recently bought and sold shares of ISBC. Wells Fargo & Company MN lifted its position in shares of Investors Bancorp by 7.1% during the 1st quarter. Wells Fargo & Company MN now owns 530,233 shares of the savings and loans company’s stock valued at $7,625,000 after acquiring an additional 35,081 shares during the period. First Trust Advisors LP lifted its position in shares of Investors Bancorp by 22.0% during the 1st quarter. First Trust Advisors LP now owns 733,027 shares of the savings and loans company’s stock valued at $10,541,000 after acquiring an additional 132,409 shares during the period. US Bancorp DE lifted its position in shares of Investors Bancorp by 4.1% during the 1st quarter. US Bancorp DE now owns 13,703 shares of the savings and loans company’s stock valued at $198,000 after acquiring an additional 546 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Investors Bancorp by 10.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,952,538 shares of the savings and loans company’s stock valued at $28,077,000 after acquiring an additional 184,081 shares during the period. Finally, World Asset Management Inc lifted its position in shares of Investors Bancorp by 0.7% during the 1st quarter. World Asset Management Inc now owns 10,909 shares of the savings and loans company’s stock valued at $157,000 after acquiring an additional 72 shares during the period. Institutional investors own 74.73% of the company’s stock.

A number of equities analysts recently weighed in on ISBC shares. Zacks Investment Research raised Investors Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub raised Investors Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $15.00 price target on shares of Investors Bancorp in a report on Thursday, August 3rd. Stephens set a $16.00 price target on Investors Bancorp and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $16.00 price target on shares of Investors Bancorp in a report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price 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.

Insider Buying and Selling by Quarter for Investors Bancorp (NASDAQ:ISBC)

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