Analysts Anticipate Investors Bancorp, Inc. (ISBC) to Post $0.15 Earnings Per Share

Wall Street analysts expect that Investors Bancorp, Inc. (NASDAQ:ISBC) will announce earnings per share (EPS) of $0.15 for the current quarter, according to Zacks. Two analysts have issued estimates for Investors Bancorp’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.14. Investors Bancorp posted earnings of $0.18 per share during the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The company is expected to announce its next quarterly earnings results after the market closes on Thursday, January 25th.

On average, analysts expect that Investors Bancorp will report full-year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.59 to $0.60. For the next financial year, analysts expect that the company will post earnings of $0.66 per share, with EPS estimates ranging from $0.60 to $0.74. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Investors Bancorp.

Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. Investors Bancorp had a return on equity of 5.84% and a net margin of 20.55%. The company had revenue of $179.31 million for the quarter, compared to the consensus estimate of $178.16 million. During the same quarter in the previous year, the business earned $0.15 EPS.

A number of analysts have recently commented on ISBC shares. Zacks Investment Research raised Investors Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, November 8th. Piper Jaffray Companies downgraded Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Wednesday, November 29th. Keefe, Bruyette & Woods downgraded Investors Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Sandler O’Neill downgraded Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Thursday, November 30th. They noted that the move was a valuation call. Finally, BidaskClub lowered Investors Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.50.

Investors Bancorp (ISBC) traded up $0.12 on Wednesday, hitting $13.82. The stock had a trading volume of 1,845,000 shares, compared to its average volume of 1,788,233. Investors Bancorp has a 12 month low of $12.48 and a 12 month 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. The company has a market cap of $4,230.00, a P/E ratio of 21.94, a PEG ratio of 1.73 and a beta of 0.53.

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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.96% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. raised its position in Investors Bancorp by 0.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 21,600,876 shares of the savings and loans company’s stock valued at $294,636,000 after buying an additional 118,515 shares during the period. State Street Corp raised its position in Investors Bancorp by 5.5% during the second quarter. State Street Corp now owns 13,160,460 shares of the savings and loans company’s stock valued at $175,828,000 after buying an additional 688,073 shares during the period. Dimensional Fund Advisors LP raised its position in Investors Bancorp by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 8,021,712 shares of the savings and loans company’s stock valued at $109,416,000 after buying an additional 128,977 shares during the period. Janus Henderson Group PLC raised its position in Investors Bancorp by 20.8% during the third quarter. Janus Henderson Group PLC now owns 4,552,071 shares of the savings and loans company’s stock valued at $62,090,000 after buying an additional 783,442 shares during the period. Finally, Rothschild Asset Management Inc. raised its position in Investors Bancorp by 0.4% during the third quarter. Rothschild Asset Management Inc. now owns 2,271,803 shares of the savings and loans company’s stock valued at $30,987,000 after buying an additional 9,689 shares during the period. 78.52% of the stock is currently owned by hedge funds and other institutional investors.

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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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