Sei Investments Co. grew its holdings in Investors Bancorp, Inc. (NASDAQ:ISBC) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 376,825 shares of the savings and loans company’s stock after buying an additional 19,159 shares during the quarter. Sei Investments Co. owned 0.12% of Investors Bancorp worth $5,140,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in ISBC. Janus Henderson Group PLC acquired a new position in shares of Investors Bancorp in the 2nd quarter valued at $50,349,000. Koch Industries Inc. acquired a new position in shares of Investors Bancorp in the 2nd quarter valued at $762,000. Citadel Advisors LLC acquired a new position in shares of Investors Bancorp in the 2nd quarter valued at $9,869,000. State Street Corp raised its stake in shares of Investors Bancorp by 5.5% in the 2nd quarter. State Street Corp now owns 13,160,460 shares of the savings and loans company’s stock valued at $175,828,000 after buying an additional 688,073 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of Investors Bancorp by 450.2% in the 2nd quarter. Susquehanna International Group LLP now owns 655,486 shares of the savings and loans company’s stock valued at $8,758,000 after buying an additional 536,348 shares in the last quarter. Institutional investors own 70.82% of the company’s stock.
In other Investors Bancorp news, Director Dennis M. Bone sold 7,500 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $13.25, for a total transaction of $99,375.00. Following the sale, the director now owns 172,644 shares of the company’s stock, valued at approximately $2,287,533. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Albanese sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $13.62, for a total transaction of $68,100.00. Following the sale, the director now directly owns 157,188 shares in the company, valued at approximately $2,140,900.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,500 shares of company stock worth $494,475. 2.96% of the stock is owned by insiders.
Shares of Investors Bancorp, Inc. (NASDAQ ISBC) opened at $14.17 on Monday. 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, Inc. has a fifty-two week low of $12.48 and a fifty-two week high of $15.11. The firm has a market cap of $4,338.26, a PE ratio of 22.14, a PEG ratio of 2.00 and a beta of 0.68.
Investors Bancorp (NASDAQ:ISBC) last posted its earnings results on Thursday, October 26th. The savings and loans company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Investors Bancorp had a net margin of 20.55% and a return on equity of 5.84%. The business had revenue of $179.31 million for the quarter, compared to analyst estimates of $178.16 million. During the same quarter in the prior year, the firm earned $0.15 EPS. research analysts expect that Investors Bancorp, Inc. will post 0.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were issued a $0.09 dividend. This is a positive change from Investors Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, November 9th. This represents a $0.36 annualized dividend and a dividend yield of 2.54%. Investors Bancorp’s dividend payout ratio is presently 56.25%.
Several equities research analysts have recently weighed in on ISBC shares. Zacks Investment Research raised shares of Investors Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Barclays PLC upped their target price on shares of Investors Bancorp from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Monday, October 30th. Keefe, Bruyette & Woods lowered shares of Investors Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $15.00 target price on shares of Investors Bancorp in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.21.
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Investors Bancorp Profile
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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