Investors Bancorp (ISBC) Receives Daily Coverage Optimism Rating of 0.08

News coverage about Investors Bancorp (NASDAQ:ISBC) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Investors Bancorp earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media stories about the savings and loans company an impact score of 45.2084744551595 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several research analysts have recently issued reports on ISBC shares. Zacks Investment Research upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods lowered Investors Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. Barclays lifted their target price on Investors Bancorp from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Monday, October 30th. Piper Jaffray Companies lowered Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Wednesday, November 29th. Finally, Sandler O’Neill lowered Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Thursday, November 30th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.31.

Investors Bancorp (NASDAQ:ISBC) traded down $0.08 during mid-day trading on Monday, reaching $13.99. The company’s stock had a trading volume of 1,526,814 shares, compared to its average volume of 2,527,385. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $4,307.64, a price-to-earnings ratio of 21.98, a PEG ratio of 1.99 and a beta of 0.68. Investors Bancorp has a 52-week low of $12.48 and a 52-week high of $15.11.

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. The firm had revenue of $179.31 million for the quarter, compared to analyst estimates of $178.16 million. Investors Bancorp had a return on equity of 5.84% and a net margin of 20.55%. During the same period in the previous year, the company posted $0.15 earnings per share. sell-side analysts expect that Investors Bancorp will post 0.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, November 9th. This is a positive change from Investors Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 2.57%. Investors Bancorp’s payout ratio is currently 56.25%.

In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of Investors Bancorp stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $13.62, for a total value of $68,100.00. Following the sale, the director now owns 157,188 shares of the company’s stock, valued at approximately $2,140,900.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dennis M. Bone sold 7,500 shares of Investors Bancorp stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $13.25, for a total value of $99,375.00. Following the completion of the sale, the director now directly owns 172,644 shares in the company, valued at approximately $2,287,533. The disclosure for this sale can be found here. Company insiders own 2.96% of the company’s stock.

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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.

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

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