Voya Investment Management LLC reduced its stake in shares of Investors Bancorp Inc (NASDAQ:ISBC) by 3.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 90,520 shares of the savings and loans company’s stock after selling 3,095 shares during the period. Voya Investment Management LLC’s holdings in Investors Bancorp were worth $1,028,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of ISBC. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Investors Bancorp by 8.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,261 shares of the savings and loans company’s stock worth $170,000 after purchasing an additional 1,253 shares in the last quarter. First Trust Advisors LP increased its holdings in Investors Bancorp by 20.8% during the 2nd quarter. First Trust Advisors LP now owns 371,340 shares of the savings and loans company’s stock worth $4,140,000 after purchasing an additional 64,005 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Investors Bancorp by 22.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 25,814 shares of the savings and loans company’s stock worth $288,000 after purchasing an additional 4,677 shares in the last quarter. Great Lakes Advisors LLC increased its holdings in Investors Bancorp by 1.2% during the 2nd quarter. Great Lakes Advisors LLC now owns 655,607 shares of the savings and loans company’s stock worth $7,310,000 after purchasing an additional 8,083 shares in the last quarter. Finally, Advisors Preferred LLC bought a new stake in Investors Bancorp during the 2nd quarter worth approximately $26,000. 72.26% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Robert C. Albanese sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $12.24, for a total value of $244,800.00. 3.49% of the stock is owned by insiders.
Shares of NASDAQ ISBC opened at $11.87 on Thursday. Investors Bancorp Inc has a twelve month low of $9.94 and a twelve month high of $12.91. The stock’s 50 day moving average price is $12.13 and its 200-day moving average price is $11.38. The company has a market capitalization of $3.26 billion, a PE ratio of 14.65, a PEG ratio of 1.28 and a beta of 0.92. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 2.01.
Investors Bancorp (NASDAQ:ISBC) last announced its earnings results on Wednesday, October 23rd. The savings and loans company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Investors Bancorp had a return on equity of 7.04% and a net margin of 17.21%. The firm had revenue of $179.23 million for the quarter, compared to the consensus estimate of $173.37 million. During the same quarter in the previous year, the business earned $0.19 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, research analysts expect that Investors Bancorp Inc will post 0.77 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 11th were paid a $0.11 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.71%. Investors Bancorp’s payout ratio is presently 54.32%.
About Investors Bancorp
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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