Investors Bancorp, Inc. (ISBC) Shares Sold by Advisory Research Inc.

Advisory Research Inc. decreased its position in shares of Investors Bancorp, Inc. (NASDAQ:ISBC) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,401,757 shares of the savings and loans company’s stock after selling 397,089 shares during the period. Advisory Research Inc. owned 0.46% of Investors Bancorp worth $19,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its position in Investors Bancorp by 1.7% during the second quarter. HighTower Advisors LLC now owns 19,753 shares of the savings and loans company’s stock worth $261,000 after buying an additional 329 shares during the period. PNC Financial Services Group Inc. increased its position in Investors Bancorp by 8.0% during the second quarter. PNC Financial Services Group Inc. now owns 15,780 shares of the savings and loans company’s stock worth $211,000 after buying an additional 1,169 shares during the period. Gotham Asset Management LLC increased its position in Investors Bancorp by 17.1% during the second quarter. Gotham Asset Management LLC now owns 13,305 shares of the savings and loans company’s stock worth $178,000 after buying an additional 1,941 shares during the period. Citigroup Inc. increased its holdings in shares of Investors Bancorp by 45.7% in the second quarter. Citigroup Inc. now owns 10,898 shares of the savings and loans company’s stock valued at $146,000 after purchasing an additional 3,417 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of Investors Bancorp by 11.6% in the third quarter. Pacer Advisors Inc. now owns 42,562 shares of the savings and loans company’s stock valued at $581,000 after purchasing an additional 4,425 shares during the period. 77.66% of the stock is currently owned by institutional investors.

In related news, Director Robert C. Albanese sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $13.94, for a total transaction of $69,700.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William V. Cosgrove sold 100,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $13.38, for a total value of $1,338,000.00. The disclosure for this sale can be found here. Corporate insiders own 2.96% of the company’s stock.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Investors Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. 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. Barclays boosted their target price on Investors Bancorp from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Monday, October 30th. BidaskClub lowered Investors Bancorp from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Finally, Keefe, Bruyette & Woods lowered Investors Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Investors Bancorp presently has a consensus rating of “Hold” and an average target price of $15.19.

Investors Bancorp, Inc. (ISBC) opened at $13.59 on Thursday. Investors Bancorp, Inc. has a twelve month low of $12.48 and a twelve month high of $15.11. The firm has a market capitalization of $4,099.03, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.46 and a beta of 0.67. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.42.

Investors Bancorp (NASDAQ:ISBC) last announced its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Investors Bancorp had a return on equity of 5.69% and a net margin of 13.82%. The firm had revenue of $182.91 million for the quarter, compared to analyst estimates of $181.14 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. analysts expect that Investors Bancorp, Inc. will post 0.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, February 8th. Investors Bancorp’s dividend payout ratio is presently 81.82%.

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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.

Institutional Ownership by Quarter for Investors Bancorp (NASDAQ:ISBC)

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