Media coverage about Investors Bancorp (NASDAQ:ISBC) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Investors Bancorp earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the savings and loans company an impact score of 47.6983219377315 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s analysis:
- Investors Bancorp, Inc. (ISBC) Expected to Post Quarterly Sales of $179.62 Million (americanbankingnews.com)
- Investors Bancorp, Inc. (ISBC) PT Raised to $14.00 (americanbankingnews.com)
- Investors Bancorp’s (ISBC) CEO Kevin Cummings on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of ISBC earnings conference call or presentation 27-Oct-17 3:00pm GMT (finance.yahoo.com)
- Investors Bancorp, Inc. (ISBC) Issues Earnings Results, Beats Expectations By $0.03 EPS (americanbankingnews.com)
Investors Bancorp (NASDAQ:ISBC) last issued its earnings results on Thursday, October 26th. The savings and loans company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The company had revenue of $179.31 million for the quarter, compared to analysts’ expectations of $178.16 million. Investors Bancorp had a net margin of 20.55% and a return on equity of 5.85%. During the same period in the prior year, the company earned $0.15 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th 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 2.62%. This is a boost from Investors Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, November 9th. Investors Bancorp’s dividend payout ratio is 50.00%.
ISBC has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $16.00 target price on shares of Investors Bancorp in a research report on Friday, July 7th. Stephens initiated coverage on shares of Investors Bancorp in a research report on Thursday, July 13th. They issued an “overweight” rating and a $16.00 target price on the stock. BidaskClub downgraded shares of Investors Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Piper Jaffray Companies reissued a “buy” rating and set a $15.00 price objective on shares of Investors Bancorp in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Investors Bancorp currently has a consensus rating of “Hold” and an average target price of $15.25.
In other news, Director Brian D. Dittenhafer sold 22,500 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $13.05, for a total transaction of $293,625.00. Following the completion of the transaction, the director now owns 350,388 shares in the company, valued at $4,572,563.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert M. Cashill sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $13.08, for a total transaction of $327,000.00. Following the transaction, the director now owns 756,902 shares of the company’s stock, valued at approximately $9,900,278.16. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock worth $788,100 over the last three months. 2.96% of the stock is owned by corporate insiders.
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.
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