Media coverage about Investors Bancorp (NASDAQ:ISBC) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Investors Bancorp earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news articles about the savings and loans company an impact score of 46.5563231046518 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Investors Bank Launches Equipment Finance Group (finance.yahoo.com)
- Investors Bancorp (ISBC) Upgraded at BidaskClub (americanbankingnews.com)
- Investors Bancorp (ISBC) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Investors Bancorp, Inc. (ISBC) Plans $0.09 Quarterly Dividend (americanbankingnews.com)
- FIG Partners Equities Analysts Boost Earnings Estimates for Investors Bancorp, Inc. (ISBC) (americanbankingnews.com)
A number of research firms have recently commented on ISBC. Zacks Investment Research upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Sandler O’Neill cut Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Thursday, November 30th. They noted that the move was a valuation call. Barclays lifted their target price on Investors Bancorp from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Monday, October 30th. BidaskClub cut Investors Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Finally, Keefe, Bruyette & Woods cut Investors Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Investors Bancorp has a consensus rating of “Hold” and a consensus target price of $15.19.
Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $182.91 million for the quarter, compared to analysts’ expectations of $181.14 million. Investors Bancorp had a return on equity of 5.69% and a net margin of 13.82%. During the same quarter in the previous year, the firm posted $0.18 EPS. equities analysts expect that Investors Bancorp will post 0.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, February 8th. Investors Bancorp’s dividend payout ratio (DPR) is presently 81.82%.
In related news, Director Robert C. Albanese sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $13.94, for a total value of $69,700.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.96% of the company’s stock.
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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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