Principal Financial Group Inc. trimmed its position in shares of Investors Bancorp, Inc. (NASDAQ:ISBC) by 35.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,166 shares of the savings and loans company’s stock after selling 17,417 shares during the period. Principal Financial Group Inc.’s holdings in Investors Bancorp were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ISBC. BlackRock Inc. increased its stake in Investors Bancorp by 24,033.7% during the first quarter. BlackRock Inc. now owns 19,801,226 shares of the savings and loans company’s stock valued at $284,740,000 after acquiring an additional 19,719,178 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Investors Bancorp by 80.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 8,881,755 shares of the savings and loans company’s stock valued at $118,659,000 after purchasing an additional 3,950,175 shares during the period. California Public Employees Retirement System grew its stake in shares of Investors Bancorp by 96.6% in the 1st quarter. California Public Employees Retirement System now owns 766,565 shares of the savings and loans company’s stock valued at $11,023,000 after purchasing an additional 376,600 shares during the period. NGAM Advisors L.P. grew its stake in shares of Investors Bancorp by 65.9% in the 2nd quarter. NGAM Advisors L.P. now owns 843,560 shares of the savings and loans company’s stock valued at $11,270,000 after purchasing an additional 335,176 shares during the period. Finally, State Street Corp grew its stake in shares of Investors Bancorp by 2.0% in the 1st quarter. State Street Corp now owns 12,472,387 shares of the savings and loans company’s stock valued at $179,351,000 after purchasing an additional 246,332 shares during the period. Hedge funds and other institutional investors own 74.21% of the company’s stock.

Shares of Investors Bancorp, Inc. (NASDAQ ISBC) opened at 13.65 on Friday. The stock has a 50 day moving average price of $13.35 and a 200 day moving average price of $13.48. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 21.29 and a beta of 0.69. Investors Bancorp, Inc. has a 1-year low of $11.58 and a 1-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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $176.38 million during the quarter, compared to the consensus estimate of $179.25 million. Investors Bancorp had a net margin of 20.91% and a return on equity of 5.79%. During the same period last year, the business earned $0.15 earnings per share. Analysts forecast that Investors Bancorp, Inc. will post $0.56 earnings per share for the current year.

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In related news, Director Robert C. Albanese sold 5,000 shares of Investors Bancorp stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $13.62, for a total value of $68,100.00. Following the transaction, the director now directly owns 157,188 shares of the company’s stock, valued at $2,140,900.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert M. Cashill sold 25,000 shares of Investors Bancorp stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $13.08, for a total transaction of $327,000.00. Following the completion of the transaction, the director now directly owns 756,902 shares in the company, valued at $9,900,278.16. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock worth $788,100 over the last three months. 2.96% of the stock is currently owned by insiders.

ISBC has been the topic of several analyst reports. Zacks Investment Research upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Piper Jaffray Companies reiterated a “buy” rating and issued a $15.00 price objective on shares of Investors Bancorp in a research note on Thursday, August 3rd. BidaskClub lowered Investors Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Stephens initiated coverage on Investors Bancorp in a research note on Thursday, July 13th. They issued an “overweight” rating and a $16.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 price objective on shares of Investors Bancorp in a research note on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.08.

Investors Bancorp 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.

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

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