Signition LP Purchases Shares of 16,726 Investors Bancorp, Inc. (ISBC)

Signition LP purchased a new position in shares of Investors Bancorp, Inc. (NASDAQ:ISBC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,726 shares of the savings and loans company’s stock, valued at approximately $232,000.

Several other hedge funds have also bought and sold shares of the business. Wells Fargo & Company MN increased its stake in shares of Investors Bancorp by 185.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,081,145 shares of the savings and loans company’s stock worth $15,007,000 after buying an additional 702,829 shares during the period. Swiss National Bank increased its stake in shares of Investors Bancorp by 1.6% in the fourth quarter. Swiss National Bank now owns 445,076 shares of the savings and loans company’s stock worth $6,178,000 after buying an additional 6,900 shares during the period. California Public Employees Retirement System increased its stake in shares of Investors Bancorp by 4.8% in the fourth quarter. California Public Employees Retirement System now owns 749,362 shares of the savings and loans company’s stock worth $10,401,000 after buying an additional 34,491 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Investors Bancorp by 316.6% in the fourth quarter. Teacher Retirement System of Texas now owns 90,513 shares of the savings and loans company’s stock worth $1,256,000 after buying an additional 68,784 shares during the period. Finally, Maltese Capital Management LLC increased its stake in shares of Investors Bancorp by 22.4% in the fourth quarter. Maltese Capital Management LLC now owns 565,614 shares of the savings and loans company’s stock worth $7,851,000 after buying an additional 103,414 shares during the period. 77.66% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director William V. Cosgrove sold 100,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $13.38, for a total transaction of $1,338,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert C. Albanese sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $13.94, for a total transaction of $69,700.00. The disclosure for this sale can be found here. Insiders own 2.96% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Investors Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Barclays cut their price target on shares of Investors Bancorp from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Tuesday, January 30th. Piper Jaffray Companies reiterated a “hold” rating and issued a $15.50 price target on shares of Investors Bancorp in a report on Monday, January 29th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $15.00 price target on shares of Investors Bancorp in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $15.19.

Shares of Investors Bancorp, Inc. (NASDAQ:ISBC) opened at $13.59 on Thursday. The firm has a market cap of $4,160.00, a price-to-earnings ratio of 31.79, a P/E/G ratio of 1.46 and a beta of 0.52. Investors Bancorp, Inc. has a fifty-two week low of $12.48 and a fifty-two week high of $15.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.42.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders 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 dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, February 8th. Investors Bancorp’s dividend payout ratio (DPR) is presently 83.72%.

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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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