Strs Ohio boosted its stake in Investors Bancorp Inc. (NASDAQ:ISBC) by 78.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 146,300 shares of the company’s stock after buying an additional 64,200 shares during the period. Strs Ohio’s holdings in Investors Bancorp were worth $1,621,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CHICAGO TRUST Co NA bought a new position in shares of Investors Bancorp during the second quarter valued at $127,000. Huntington Asset Advisors Inc. bought a new position in shares of Investors Bancorp during the first quarter valued at $150,000. BNP Paribas Arbitrage SA boosted its position in shares of Investors Bancorp by 6,420.7% in the second quarter. BNP Paribas Arbitrage SA now owns 17,019 shares of the company’s stock valued at $189,000 after buying an additional 16,758 shares in the last quarter. Williams Jones & Associates LLC bought a new position in shares of Investors Bancorp during the first quarter valued at $291,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Investors Bancorp by 38.5% in the second quarter. State of Alaska Department of Revenue now owns 37,191 shares of the company’s stock valued at $412,000 after buying an additional 10,335 shares in the last quarter. Hedge funds and other institutional investors own 76.67% of the company’s stock.
Shares of Investors Bancorp Inc. (NASDAQ:ISBC) traded up 0.67% during mid-day trading on Monday, hitting $12.00. The stock had a trading volume of 883,168 shares. Investors Bancorp Inc. has a 52-week low of $10.67 and a 52-week high of $13.13. The stock has a 50 day moving average price of $11.96 and a 200-day moving average price of $11.60. The company has a market cap of $3.61 billion, a PE ratio of 20.69 and a beta of 0.70.
Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Investors Bancorp had a return on equity of 5.44% and a net margin of 22.58%. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, equities analysts expect that Investors Bancorp Inc. will post $0.59 earnings per share for the current fiscal year.
Several analysts have commented on the company. Zacks Investment Research lowered Investors Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Piper Jaffray Cos. raised Investors Bancorp from a “neutral” rating to an “overweight” rating and set a $13.00 price objective on the stock in a report on Friday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.70.
In other Investors Bancorp news, insider Kevin Cummings sold 997,499 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $12.11, for a total transaction of $12,079,712.89. Following the completion of the sale, the insider now directly owns 2,749,061 shares of the company’s stock, valued at approximately $33,291,128.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Doreen R. Byrnes sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $11.71, for a total value of $468,400.00. Following the sale, the director now directly owns 221,263 shares of the company’s stock, valued at $2,590,989.73. The disclosure for this sale can be found here. Company insiders own 3.44% 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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