A number of research firms have changed their ratings and price targets for Investors Bancorp (NASDAQ: ISBC):

  • 2/7/2018 – Investors Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Investors Bancorp, Inc. operates as the holding company for Investors Savings Bank, which provides a range of banking services in the United States. The company generates deposits and originates loans. The company operates from its corporate headquarters in Short Hills, New Jersey, and fifty-three branch offices located in Essex, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Somerset, Union and Warren Counties, New Jersey. The Bank is engaged 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. It originates mortgage loans secured by one-to four-family residential real estate and consumer loans, the majority of which are home equity loans and home equity lines of credit. “
  • 2/3/2018 – Investors Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Investors Bancorp, Inc. operates as the holding company for Investors Savings Bank, which provides a range of banking services in the United States. The company generates deposits and originates loans. The company operates from its corporate headquarters in Short Hills, New Jersey, and fifty-three branch offices located in Essex, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Somerset, Union and Warren Counties, New Jersey. The Bank is engaged 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. It originates mortgage loans secured by one-to four-family residential real estate and consumer loans, the majority of which are home equity loans and home equity lines of credit. “
  • 2/3/2018 – Investors Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/30/2018 – Investors Bancorp had its price target lowered by analysts at Barclays PLC from $15.00 to $14.00. They now have an “underweight” rating on the stock.
  • 1/29/2018 – Investors Bancorp had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $15.50 price target on the stock.
  • 1/26/2018 – Investors Bancorp had its “hold” rating reaffirmed by analysts at Sandler O’Neill. They now have a $15.00 price target on the stock.
  • 1/19/2018 – Investors Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/11/2018 – Investors Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/5/2018 – Investors Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/2/2018 – Investors Bancorp had its price target raised by analysts at Barclays PLC from $14.00 to $15.00. They now have an “underweight” rating on the stock.
  • 12/22/2017 – Investors Bancorp had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $15.50 price target on the stock.
  • 12/13/2017 – Investors Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “Investors Bancorp, Inc. operates as the holding company for Investors Savings Bank, which provides a range of banking services in the United States. The company generates deposits and originates loans. The company operates from its corporate headquarters in Short Hills, New Jersey, and fifty-three branch offices located in Essex, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Somerset, Union and Warren Counties, New Jersey. The Bank is engaged 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. It originates mortgage loans secured by one-to four-family residential real estate and consumer loans, the majority of which are home equity loans and home equity lines of credit. “
  • 12/12/2017 – Investors Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Investors Bancorp, Inc. (NASDAQ ISBC) opened at $13.05 on Friday. Investors Bancorp, Inc. has a 12 month low of $12.48 and a 12 month high of $15.11. The stock has a market cap of $4,105.15, a price-to-earnings ratio of 29.66, a PEG ratio of 1.47 and a beta of 0.67. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.42.

Investors Bancorp (NASDAQ:ISBC) last announced its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. Investors Bancorp had a net margin of 13.82% and a return on equity of 5.69%. The company had revenue of $182.91 million during the quarter, compared to analysts’ expectations of $181.14 million. During the same quarter in the prior year, the company earned $0.18 EPS. analysts forecast that Investors Bancorp, Inc. will post 0.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.76%. Investors Bancorp’s dividend payout ratio (DPR) is 81.82%.

In other news, Director Robert C. Albanese sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $13.94, for a total value of $69,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.96% of the stock is currently owned by corporate insiders.

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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