Westpac Banking Corp reduced its holdings in shares of Investors Bancorp, Inc. (NASDAQ:ISBC) by 74.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,354 shares of the savings and loans company’s stock after selling 132,080 shares during the period. Westpac Banking Corp’s holdings in Investors Bancorp were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in ISBC. Wells Fargo & Company MN increased its position in 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 buying an additional 35,081 shares in the last quarter. First Trust Advisors LP increased its position in 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 buying an additional 132,409 shares in the last quarter. US Bancorp DE increased its position in 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 buying an additional 546 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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 buying an additional 184,081 shares in the last quarter. Finally, World Asset Management Inc increased its position in 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 buying an additional 72 shares in the last quarter. 74.73% of the stock is currently owned by institutional investors.

Shares of Investors Bancorp, Inc. (ISBC) opened at 13.32 on Thursday. The stock has a market cap of $3.94 billion, a P/E ratio of 20.78 and a beta of 0.70. Investors Bancorp, Inc. has a 1-year low of $11.58 and a 1-year high of $15.11. The firm’s 50-day moving average price is $13.11 and its 200 day moving average price is $13.61.

Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings results 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 analyst estimates of $179.25 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, equities analysts expect that Investors Bancorp, Inc. will post $0.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Thursday, August 10th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Tuesday, August 8th. Investors Bancorp’s dividend payout ratio is presently 50.79%.

In other news, Director Robert M. Cashill sold 25,000 shares of Investors Bancorp stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $13.08, for a total transaction of $327,000.00. Following the sale, the director now owns 756,902 shares in the company, valued at $9,900,278.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian D. Dittenhafer sold 22,500 shares of Investors Bancorp stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $13.05, for a total value of $293,625.00. Following the sale, the director now owns 350,388 shares in the company, valued at approximately $4,572,563.40. The disclosure for this sale can be found here. 2.96% of the stock is owned by company insiders.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Stephens set a $16.00 target price on Investors Bancorp and gave the company a “buy” rating in a research report on Friday, July 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $16.00 price target on shares of Investors Bancorp in a research note on Friday, July 7th. BidaskClub downgraded Investors Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $15.00 price target on shares of Investors Bancorp in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.21.

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About Investors Bancorp

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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Institutional Ownership by Quarter for Investors Bancorp (NASDAQ:ISBC)

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