Media headlines about Investors Bancorp (NASDAQ:ISBC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. 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 news sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the savings and loans company an impact score of 45.7216699318082 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several analysts have recently commented on the stock. Sandler O’Neill downgraded shares of Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research report on Thursday. They noted that the move was a valuation call. Piper Jaffray Companies downgraded shares of Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research report on Wednesday. Barclays raised their price objective on shares of Investors Bancorp from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods downgraded shares of Investors Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.31.
Shares of Investors Bancorp (NASDAQ ISBC) opened at $14.26 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.42. The stock has a market cap of $4,370.00, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 2.02 and a beta of 0.52. Investors Bancorp has a fifty-two week low of $12.48 and a fifty-two week high of $15.11.
The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were issued a $0.09 dividend. This is an increase from Investors Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, November 9th. Investors Bancorp’s payout ratio is currently 57.14%.
In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of Investors Bancorp stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $13.62, for a total value of $68,100.00. Following the completion of the transaction, the director now directly owns 157,188 shares of the company’s stock, valued at approximately $2,140,900.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis M. Bone sold 7,500 shares of Investors Bancorp stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $13.25, for a total transaction of $99,375.00. Following the completion of the transaction, the director now directly owns 172,644 shares of the company’s stock, valued at $2,287,533. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,500 shares of company stock worth $494,475. 2.96% of the stock is currently owned by insiders.
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Investors Bancorp Company 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.
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