Amalgamated Bank lifted its position in Investors Bancorp Inc (NASDAQ:ISBC) by 7.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,043 shares of the savings and loans company’s stock after acquiring an additional 2,417 shares during the period. Amalgamated Bank’s holdings in Investors Bancorp were worth $429,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ISBC. Tower Research Capital LLC TRC raised its position in shares of Investors Bancorp by 3,643.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,299 shares of the savings and loans company’s stock worth $83,000 after acquiring an additional 7,104 shares in the last quarter. Redwood Investment Management LLC raised its position in shares of Investors Bancorp by 1.2% in the 3rd quarter. Redwood Investment Management LLC now owns 93,209 shares of the savings and loans company’s stock worth $1,059,000 after acquiring an additional 1,098 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Investors Bancorp by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 359,381 shares of the savings and loans company’s stock worth $4,083,000 after acquiring an additional 4,292 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Investors Bancorp by 32.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 973,544 shares of the savings and loans company’s stock valued at $11,059,000 after buying an additional 238,243 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in Investors Bancorp by 5,959.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 266,600 shares of the savings and loans company’s stock valued at $3,029,000 after buying an additional 262,200 shares in the last quarter. 69.91% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on ISBC shares. ValuEngine raised Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Compass Point raised Investors Bancorp from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $15.00 price objective on shares of Investors Bancorp in a research report on Monday, February 3rd. Zacks Investment Research lowered Investors Bancorp from a “buy” rating to a “hold” rating in a research report on Friday. Finally, BidaskClub raised Investors Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.33.

ISBC stock opened at $8.30 on Friday. Investors Bancorp Inc has a twelve month low of $6.31 and a twelve month high of $12.74. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.29. The firm has a market cap of $1.90 billion, a PE ratio of 11.07 and a beta of 0.96. The business has a 50 day moving average of $10.39 and a 200 day moving average of $11.50.

Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The company had revenue of $189.23 million for the quarter, compared to the consensus estimate of $180.70 million. Investors Bancorp had a net margin of 17.88% and a return on equity of 7.11%. During the same period last year, the business earned $0.22 EPS. On average, research analysts expect that Investors Bancorp Inc will post 0.96 earnings per share for the current fiscal year.

Investors Bancorp Company Profile

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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Institutional Ownership by Quarter for Investors Bancorp (NASDAQ:ISBC)



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