Equities analysts predict that Investors Bancorp Inc (NASDAQ:ISBC) will report $175.21 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Investors Bancorp’s earnings. The highest sales estimate is $175.42 million and the lowest is $175.00 million. Investors Bancorp reported sales of $177.21 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.1%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, October 23rd.

On average, analysts expect that Investors Bancorp will report full year sales of $698.89 million for the current year, with estimates ranging from $696.80 million to $700.97 million. For the next fiscal year, analysts forecast that the business will report sales of $734.93 million, with estimates ranging from $733.80 million to $736.06 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Investors Bancorp.

Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $166.15 million for the quarter, compared to the consensus estimate of $176.16 million. Investors Bancorp had a return on equity of 7.05% and a net margin of 17.85%. During the same period last year, the business posted $0.20 EPS.

ISBC has been the topic of several research reports. Royal Bank of Canada initiated coverage on Investors Bancorp in a report on Friday, October 11th. They set an “outperform” rating and a $15.00 price objective on the stock. Janney Montgomery Scott upgraded Investors Bancorp from a “neutral” rating to a “buy” rating in a report on Tuesday, August 6th. BidaskClub upgraded Investors Bancorp from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research downgraded Investors Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Finally, ValuEngine upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Investors Bancorp has an average rating of “Hold” and an average price target of $13.53.

In other news, Director Robert C. Albanese sold 35,302 shares of Investors Bancorp stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $11.14, for a total value of $393,264.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO P. Sean Burke sold 20,000 shares of Investors Bancorp stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $11.04, for a total value of $220,800.00. The disclosure for this sale can be found here. Company insiders own 3.49% of the company’s stock.

Several large investors have recently made changes to their positions in ISBC. Advisors Preferred LLC purchased a new position in shares of Investors Bancorp in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. purchased a new position in shares of Investors Bancorp in the 3rd quarter valued at $36,000. NEXT Financial Group Inc purchased a new position in shares of Investors Bancorp in the 2nd quarter valued at $39,000. Point72 Asset Management L.P. purchased a new position in shares of Investors Bancorp in the 2nd quarter valued at $49,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Investors Bancorp by 1,911.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 4,808 shares of the savings and loans company’s stock valued at $54,000 after acquiring an additional 4,569 shares during the period. Institutional investors and hedge funds own 72.87% of the company’s stock.

ISBC traded up $0.04 during trading on Wednesday, hitting $12.19. 2,168,248 shares of the stock were exchanged, compared to its average volume of 2,078,957. The firm has a 50 day simple moving average of $11.40 and a 200 day simple moving average of $11.28. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.37 and a beta of 0.92. Investors Bancorp has a 1 year low of $9.94 and a 1 year high of $12.91. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.25 and a current ratio of 1.25.

Investors Bancorp Company Profile

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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