Beacon Investment Advisory Services Inc. increased its position in shares of Investors Bancorp, Inc. (NASDAQ:ISBC) by 118.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 730,076 shares of the savings and loans company’s stock after purchasing an additional 395,181 shares during the quarter. Investors Bancorp accounts for approximately 0.9% of Beacon Investment Advisory Services Inc.’s investment portfolio, making the stock its 24th largest holding. Beacon Investment Advisory Services Inc. owned 0.24% of Investors Bancorp worth $9,958,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ISBC. 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 acquiring an additional 118,515 shares in the last quarter. 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 acquiring an additional 688,073 shares in the last quarter. 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 acquiring an additional 128,977 shares in the last quarter. 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 acquiring an additional 783,442 shares in the last quarter. Finally, Pax World Management LLC raised its position in Investors Bancorp by 9.8% during the second quarter. Pax World Management LLC now owns 2,553,239 shares of the savings and loans company’s stock valued at $34,111,000 after acquiring an additional 227,798 shares in the last quarter. 78.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Investors Bancorp, Inc. (ISBC) opened at $14.07 on Monday. The company has a market capitalization of $4,307.64, a P/E ratio of 21.98, a PEG ratio of 1.99 and a beta of 0.68. Investors Bancorp, Inc. has a 12-month low of $12.48 and a 12-month high of $15.11. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.20 and a quick ratio of 1.20.

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, beating the Zacks’ consensus estimate of $0.13 by $0.03. The business had revenue of $179.31 million during the quarter, compared to analysts’ expectations of $178.16 million. Investors Bancorp had a return on equity of 5.84% and a net margin of 20.55%. During the same period in the previous year, the business earned $0.15 earnings per share. sell-side analysts anticipate that Investors Bancorp, Inc. will post 0.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were given a $0.09 dividend. The ex-dividend date was Thursday, November 9th. This is a boost from Investors Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.56%. Investors Bancorp’s payout ratio is 56.25%.

In related news, Director Robert C. Albanese sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $13.62, for a total transaction of $68,100.00. Following the completion of the sale, the director now directly owns 157,188 shares in the company, valued at $2,140,900.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis M. Bone sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $13.25, for a total value of $99,375.00. Following the sale, the director now owns 172,644 shares of the company’s stock, valued at $2,287,533. The disclosure for this sale can be found here. 2.96% of the stock is owned by insiders.

Several research analysts recently weighed in on the company. Sandler O’Neill cut Investors Bancorp from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research report on Thursday, November 30th. They noted that the move was a valuation call. Piper Jaffray Companies cut Investors Bancorp from an “overweight” rating to a “neutral” rating and set a $15.00 price target for the company. in a research report on Wednesday, November 29th. Barclays boosted their price objective on Investors Bancorp from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Monday, October 30th. Keefe, Bruyette & Woods cut Investors Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $15.31.

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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.

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

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