Insider Selling: Investors Bank (ISBC) Director Sells $67,900.00 in Stock

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.

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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.

Large investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its stake in Investors Bank by 325.3% in the 4th quarter. Bank of Montreal Can now owns 2,585,909 shares of the savings and loans company’s stock valued at $35,892,000 after buying an additional 1,977,898 shares during the last quarter. Cerebellum GP LLC acquired a new position in Investors Bank in the 4th quarter valued at $125,000. Fox Run Management L.L.C. grew its stake in Investors Bank by 113.1% in the 4th quarter. Fox Run Management L.L.C. now owns 23,650 shares of the savings and loans company’s stock valued at $328,000 after buying an additional 12,550 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Investors Bank by 174.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,007 shares of the savings and loans company’s stock valued at $208,000 after purchasing an additional 9,546 shares during the period. Finally, Swiss National Bank boosted its holdings in Investors Bank by 1.6% in the 4th quarter. Swiss National Bank now owns 445,076 shares of the savings and loans company’s stock valued at $6,178,000 after purchasing an additional 6,900 shares during the period. Institutional investors and hedge funds own 80.33% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Investors Bank (NASDAQ:ISBC)

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