Analysts expect that Investors Bancorp Inc (NASDAQ:ISBC) will announce $0.19 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Investors Bancorp’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.19. Investors Bancorp also reported earnings per share of $0.19 in the same quarter last year. The company is scheduled to report its next earnings report on Thursday, October 24th.
On average, analysts expect that Investors Bancorp will report full year earnings of $0.73 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.74. For the next financial year, analysts anticipate that the company will post earnings of $0.79 per share, with EPS estimates ranging from $0.76 to $0.83. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Investors Bancorp.
Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings data on Wednesday, July 24th. The savings and loans company reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. Investors Bancorp had a net margin of 17.85% and a return on equity of 7.01%. The company had revenue of $166.15 million during the quarter, compared to the consensus estimate of $176.16 million. During the same period in the prior year, the business posted $0.20 EPS.
A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of Investors Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. BidaskClub downgraded shares of Investors Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd. Janney Montgomery Scott upgraded shares of Investors Bancorp from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.53.
Shares of Investors Bancorp stock traded down $0.16 during trading hours on Wednesday, reaching $10.89. 62,537 shares of the company’s stock were exchanged, compared to its average volume of 2,130,475. The business’s 50 day moving average is $11.09. Investors Bancorp has a fifty-two week low of $9.94 and a fifty-two week high of $13.12. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 1.94. The firm has a market cap of $3.04 billion, a PE ratio of 13.44, a P/E/G ratio of 1.27 and a beta of 0.93.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.04%. Investors Bancorp’s payout ratio is 54.32%.
In other news, CFO P. Sean Burke sold 20,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $11.04, for a total value of $220,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.49% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Advisors Preferred LLC bought a new stake in shares of Investors Bancorp in the 2nd quarter valued at about $26,000. NEXT Financial Group Inc bought a new position in Investors Bancorp in the 2nd quarter valued at about $39,000. Toronto Dominion Bank raised its holdings in Investors Bancorp by 16.0% in the 1st quarter. Toronto Dominion Bank now owns 6,570 shares of the savings and loans company’s stock valued at $78,000 after acquiring an additional 907 shares during the period. Fort Sheridan Advisors LLC bought a new position in Investors Bancorp in the 1st quarter valued at about $130,000. Finally, Weiss Asset Management LP bought a new position in Investors Bancorp in the 1st quarter valued at about $151,000. 74.11% of the stock is currently owned by institutional investors.
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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