North Star Investment Management Corp. held its stake in Investors Bancorp, Inc. (NASDAQ:ISBC) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,559 shares of the savings and loans company’s stock at the end of the second quarter. North Star Investment Management Corp.’s holdings in Investors Bancorp were worth $154,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of ISBC. Vaughan Nelson Investment Management L.P. boosted its position in Investors Bancorp by 80.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 8,881,755 shares of the savings and loans company’s stock worth $118,659,000 after buying an additional 3,950,175 shares in the last quarter. CHICAGO TRUST Co NA boosted its position in Investors Bancorp by 25.2% in the second quarter. CHICAGO TRUST Co NA now owns 15,132 shares of the savings and loans company’s stock worth $202,000 after buying an additional 3,045 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Investors Bancorp during the second quarter worth approximately $194,000. AQR Capital Management LLC boosted its position in Investors Bancorp by 3.4% in the first quarter. AQR Capital Management LLC now owns 607,626 shares of the savings and loans company’s stock worth $8,738,000 after buying an additional 20,205 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in Investors Bancorp during the first quarter worth approximately $722,000. Hedge funds and other institutional investors own 78.06% of the company’s stock.
Investors Bancorp, Inc. (NASDAQ ISBC) opened at 13.25 on Wednesday. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 20.67 and a beta of 0.70. The firm’s 50-day moving average is $13.23 and its 200-day moving average is $13.87. Investors Bancorp, Inc. has a 52 week low of $11.11 and a 52 week high of $15.11.
Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $176.38 million for the quarter, compared to analyst estimates of $179.25 million. Investors Bancorp had a return on equity of 5.80% and a net margin of 20.91%. During the same period in the previous year, the business posted $0.15 EPS. On average, equities analysts anticipate that Investors Bancorp, Inc. will post $0.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, August 10th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.42%. Investors Bancorp’s payout ratio is 50.79%.
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ISBC has been the subject of several research reports. Piper Jaffray Companies reissued a “buy” rating and issued a $15.00 price objective on shares of Investors Bancorp in a research report on Thursday, August 3rd. Stephens set a $16.00 price target on shares of Investors Bancorp and gave the company a “buy” rating in a report on Friday, July 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $16.00 price objective on shares of Investors Bancorp in a research note on Friday, July 7th. BidaskClub upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Deutsche Bank AG reduced their price objective on shares of Investors Bancorp from $15.00 to $14.50 and set a “hold” rating for the company in a research note on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Investors Bancorp currently has a consensus rating of “Hold” and a consensus target price of $15.21.
In other news, VP Paul Kalamaras sold 120,000 shares of Investors Bancorp stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $13.59, for a total value of $1,630,800.00. Following the transaction, the vice president now directly owns 725,827 shares of the company’s stock, valued at approximately $9,863,988.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.96% of the company’s stock.
About Investors Bancorp
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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