Capital Fund Management S.A. reduced its holdings in shares of Investors Bancorp Inc (NASDAQ:ISBC) by 67.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 14,700 shares of the savings and loans company’s stock after selling 30,200 shares during the period. Capital Fund Management S.A.’s holdings in Investors Bancorp were worth $180,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ISBC. Renaissance Technologies LLC lifted its position in shares of Investors Bancorp by 24.9% during the third quarter. Renaissance Technologies LLC now owns 1,265,712 shares of the savings and loans company’s stock worth $15,530,000 after purchasing an additional 252,200 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Investors Bancorp during the third quarter worth $843,000. GSA Capital Partners LLP lifted its position in shares of Investors Bancorp by 200.3% during the third quarter. GSA Capital Partners LLP now owns 94,200 shares of the savings and loans company’s stock worth $1,156,000 after purchasing an additional 62,836 shares in the last quarter. First Pacific Advisors LP acquired a new position in shares of Investors Bancorp during the third quarter worth $11,487,000. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Investors Bancorp by 4.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 21,444,804 shares of the savings and loans company’s stock worth $263,128,000 after purchasing an additional 911,778 shares in the last quarter. Hedge funds and other institutional investors own 61.25% of the company’s stock.

Shares of NASDAQ:ISBC opened at $11.75 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $4.30 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.29 and a beta of 0.64. Investors Bancorp Inc has a 12-month low of $10.27 and a 12-month high of $14.69.

Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings results on Thursday, October 25th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $177.21 million during the quarter, compared to analyst estimates of $181.19 million. Investors Bancorp had a net margin of 16.73% and a return on equity of 7.05%. Equities research analysts predict that Investors Bancorp Inc will post 0.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 9th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Thursday, November 8th. This is a positive change from Investors Bancorp’s previous quarterly dividend of $0.09. Investors Bancorp’s payout ratio is 70.97%.

In related news, Director Robert C. Albanese sold 5,000 shares of Investors Bancorp stock in a transaction on Monday, October 1st. The shares were sold at an average price of $12.29, for a total value of $61,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.51% of the stock is currently owned by insiders.

A number of analysts recently issued reports on the stock. Stephens restated a “buy” rating and issued a $15.00 price target on shares of Investors Bancorp in a research note on Thursday, August 16th. Zacks Investment Research upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. ValuEngine upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Finally, BidaskClub upgraded shares of 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 issued a hold rating and three have issued a buy rating to the stock. Investors Bancorp currently has an average rating of “Hold” and a consensus price target of $14.79.

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About Investors Bancorp

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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Want to see what other hedge funds are holding ISBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Investors Bancorp Inc (NASDAQ:ISBC).

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

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