Investors Bank (NASDAQ:ISBC) Director Robert C. Albanese sold 5,000 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $13.58, for a total transaction of $67,900.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NASDAQ:ISBC opened at $13.34 on Friday. Investors Bank has a 1 year low of $12.48 and a 1 year high of $14.85. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $4,145.92, a P/E ratio of 21.65, a PEG ratio of 1.50 and a beta of 0.62.
Investors Bank (NASDAQ:ISBC) last posted its earnings results on Thursday, January 25th. The savings and loans company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Investors Bank had a net margin of 13.82% and a return on equity of 5.71%. The business had revenue of $182.91 million for the quarter, compared to analyst estimates of $181.14 million. During the same period last year, the business posted $0.18 EPS. research analysts forecast that Investors Bank will post 0.76 EPS for the current year.
Several research analysts have recently commented on the stock. BidaskClub upgraded shares of Investors Bank from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Investors Bank from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, February 7th. Piper Jaffray restated a “hold” rating and set a $15.50 price target on shares of Investors Bank in a research note on Monday, January 29th. Sandler O’Neill upgraded shares of Investors Bank from a “hold” rating to a “buy” rating and set a $15.50 price target on the stock in a research note on Thursday. Finally, Barclays raised their target price on shares of Investors Bank from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Investors Bank presently has an average rating of “Hold” and an average target price of $15.38.
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About Investors Bank
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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