Brokerages forecast that Investors Bancorp Inc (NASDAQ:ISBC) will report earnings per share (EPS) of $0.19 for the current quarter, Zacks reports. Three analysts have issued estimates for Investors Bancorp’s earnings. Investors Bancorp posted earnings per share of $0.17 in the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The company is expected to issue its next quarterly earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Investors Bancorp will report full year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.77 to $0.78. For the next fiscal year, analysts forecast that the company will post earnings of $0.77 per share, with EPS estimates ranging from $0.74 to $0.79. 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 announced its earnings results on Thursday, October 25th. The savings and loans company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The company had revenue of $177.21 million for the quarter, compared to analyst estimates of $181.19 million. Investors Bancorp had a return on equity of 7.05% and a net margin of 16.73%.

ISBC has been the topic of a number of recent research reports. Stephens reiterated a “buy” rating and set a $15.00 target price on shares of Investors Bancorp in a research note on Thursday, August 16th. Zacks Investment Research upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. ValuEngine upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Finally, BidaskClub upgraded Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Investors Bancorp currently has a consensus rating of “Hold” and a consensus price target of $14.79.

Shares of NASDAQ ISBC traded down $0.50 during trading hours on Wednesday, reaching $11.83. 3,097,129 shares of the stock were exchanged, compared to its average volume of 3,166,291. The firm has a market cap of $4.41 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 1.33 and a beta of 0.64. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.60. Investors Bancorp has a 52 week low of $10.27 and a 52 week high of $14.69.

The business also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 9th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.44 dividend on an annualized basis and a yield of 3.72%. This is an increase from Investors Bancorp’s previous quarterly dividend of $0.09. Investors Bancorp’s dividend payout ratio is currently 70.97%.

In related news, Director Robert C. Albanese sold 5,000 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $12.29, for a total transaction of $61,450.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.51% of the company’s stock.

Large investors have recently modified their holdings of the stock. Martin Capital Partners LLC acquired a new stake in Investors Bancorp during the third quarter worth approximately $105,000. Gamco Investors INC. ET AL acquired a new stake in Investors Bancorp during the third quarter worth approximately $152,000. Virtu Financial LLC acquired a new stake in Investors Bancorp during the second quarter worth approximately $173,000. Cerebellum GP LLC acquired a new stake in Investors Bancorp during the third quarter worth approximately $170,000. Finally, Jane Street Group LLC acquired a new stake in Investors Bancorp during the third quarter worth approximately $172,000. 61.25% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Investors Bancorp (NASDAQ:ISBC)

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