Equities research analysts expect Investors Bancorp Inc (NASDAQ:ISBC) to post $181.19 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Investors Bancorp’s earnings, with estimates ranging from $178.00 million to $183.00 million. Investors Bancorp posted sales of $179.31 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1%. The firm is expected to announce its next quarterly earnings report after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that Investors Bancorp will report full-year sales of $725.17 million for the current financial year, with estimates ranging from $717.50 million to $729.41 million. For the next financial year, analysts forecast that the firm will post sales of $738.59 million, with estimates ranging from $722.70 million to $749.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Investors Bancorp.

Investors Bancorp (NASDAQ:ISBC) last released its earnings results on Thursday, July 26th. The savings and loans company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The firm had revenue of $182.78 million during the quarter, compared to analyst estimates of $180.64 million. Investors Bancorp had a return on equity of 6.71% and a net margin of 16.21%. During the same period in the prior year, the firm posted $0.14 earnings per share.

Several equities analysts recently commented on ISBC shares. ValuEngine lowered Investors Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Zacks Investment Research lowered Investors Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $14.00 target price on shares of Investors Bancorp in a research note on Friday, July 27th. BidaskClub upgraded Investors Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Stephens reiterated a “buy” rating and issued a $15.00 target price on shares of Investors Bancorp in a research note on Thursday, August 16th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.79.

Investors Bancorp stock traded down $0.05 during trading on Friday, hitting $11.49. The company’s stock had a trading volume of 2,956,321 shares, compared to its average volume of 2,285,950. The firm has a market capitalization of $4.41 billion, a P/E ratio of 18.60, a PEG ratio of 1.33 and a beta of 0.58. Investors Bancorp has a 1-year low of $11.14 and a 1-year high of $14.69. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.66.

In related news, Director Robert C. Albanese sold 5,000 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $12.29, for a total value of $61,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.51% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. CHICAGO TRUST Co NA lifted its holdings in Investors Bancorp by 19.9% during the 3rd quarter. CHICAGO TRUST Co NA now owns 26,101 shares of the savings and loans company’s stock worth $320,000 after buying an additional 4,331 shares during the last quarter. Mcrae Capital Management Inc. raised its position in shares of Investors Bancorp by 29.8% during the 3rd quarter. Mcrae Capital Management Inc. now owns 22,723 shares of the savings and loans company’s stock worth $279,000 after purchasing an additional 5,223 shares during the period. Strs Ohio raised its position in shares of Investors Bancorp by 5.1% during the 2nd quarter. Strs Ohio now owns 122,700 shares of the savings and loans company’s stock worth $1,569,000 after purchasing an additional 6,000 shares during the period. Ramsey Quantitative Systems raised its position in shares of Investors Bancorp by 43.5% during the 2nd quarter. Ramsey Quantitative Systems now owns 25,309 shares of the savings and loans company’s stock worth $324,000 after purchasing an additional 7,672 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Investors Bancorp by 32.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 32,765 shares of the savings and loans company’s stock worth $419,000 after purchasing an additional 7,950 shares during the period. 63.40% of the stock is currently owned by institutional investors.

About Investors Bancorp

Investors Bancorp, Inc operates as the holding company for Investors Bank that provides various banking products and services to individuals and businesses in the United States. Its deposit products include savings, checking, and money market accounts, as well as certificates of deposit. The company's loan portfolio comprises multi-family, commercial real estate, commercial and industrial, and construction loans; consumer and other loans primarily consisting of home equity loans, home equity lines of credit, and cash surrender value lending on life insurance contracts; and one-to four-family residential mortgage loans secured by one-to four-family residential real estate.

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Earnings History and Estimates for Investors Bancorp (NASDAQ:ISBC)

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