KBC Group NV decreased its position in Investors Bancorp, Inc. (NASDAQ:ISBC) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 455,060 shares of the savings and loans company’s stock after selling 14,045 shares during the period. KBC Group NV owned about 0.18% of Investors Bancorp worth $6,685,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Investors Bancorp by 11.0% in the 4th quarter. BlackRock Inc. now owns 19,617,245 shares of the savings and loans company’s stock valued at $207,159,000 after acquiring an additional 1,946,420 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Investors Bancorp by 23.0% in the 4th quarter. Victory Capital Management Inc. now owns 3,434,463 shares of the savings and loans company’s stock valued at $36,267,000 after acquiring an additional 642,216 shares in the last quarter. Norges Bank acquired a new position in Investors Bancorp in the 4th quarter valued at approximately $29,270,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Investors Bancorp by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,122,140 shares of the savings and loans company’s stock worth $22,410,000 after buying an additional 158,931 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Investors Bancorp by 4.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,736,549 shares of the savings and loans company’s stock worth $18,338,000 after buying an additional 79,400 shares in the last quarter. 72.45% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on ISBC shares. Zacks Investment Research raised Investors Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, April 7th. Keefe, Bruyette & Woods started coverage on Investors Bancorp in a report on Monday, April 26th. They issued a “market perform” rating and a $16.00 target price for the company. Finally, Royal Bank of Canada increased their target price on Investors Bancorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, April 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $14.75.

NASDAQ ISBC opened at $14.93 on Tuesday. The firm has a market cap of $3.70 billion, a PE ratio of 18.43 and a beta of 1.15. Investors Bancorp, Inc. has a one year low of $6.74 and a one year high of $15.71. The stock’s 50 day simple moving average is $14.77 and its 200 day simple moving average is $11.84. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.12 and a quick ratio of 1.12.

Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings results on Tuesday, April 27th. The savings and loans company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The business had revenue of $200.74 million for the quarter, compared to analyst estimates of $203.62 million. Investors Bancorp had a return on equity of 7.73% and a net margin of 18.26%. Investors Bancorp’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. As a group, equities analysts expect that Investors Bancorp, Inc. will post 0.87 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 25th. Investors of record on Monday, May 10th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 7th. This represents a $0.56 dividend on an annualized basis and a yield of 3.75%. Investors Bancorp’s dividend payout ratio (DPR) is presently 72.73%.

Investors Bancorp Company Profile

Investors Bancorp, Inc operates as the bank 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. The company's loan portfolio comprises multi-family, commercial real estate, commercial and industrial, and construction loans; one-to four-family residential mortgage loans secured by one-to four-family residential real estate; and consumer and other loans primarily consisting of home equity loans, and home equity lines of credit, as well as various insurance products comprising life insurance, fixed annuities, and indexed annuities.

See Also: Dividend Reinvestment Plan (DRIP)

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

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