Investors Bancorp, Inc. (ISBC) Announces Quarterly Dividend of $0.09
Investors Bancorp, Inc. (NASDAQ:ISBC) announced a quarterly dividend on Thursday, January 25th, NASDAQ reports. Investors of record on Friday, February 9th will be given a dividend of 0.09 per share by the savings and loans company on Friday, February 23rd. This represents a $0.36 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, February 8th.
Investors Bancorp (ISBC) remained flat at $$13.81 during trading on Friday. The stock had a trading volume of 4,533,163 shares, compared to its average volume of 2,124,217. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.42. Investors Bancorp has a 1 year low of $12.48 and a 1 year high of $15.11. The company has a market capitalization of $4,227.60, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.51 and a beta of 0.67.
Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Investors Bancorp had a net margin of 13.82% and a return on equity of 5.69%. The company had revenue of $182.91 million for the quarter, compared to analyst estimates of $181.14 million. During the same period in the prior year, the company posted $0.18 EPS. equities research analysts forecast that Investors Bancorp will post 0.76 EPS for the current fiscal year.
In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $13.94, for a total value of $69,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.96% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/investors-bancorp-inc-isbc-announces-quarterly-dividend-of-0-09/1841945.html.
About Investors Bancorp
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.
Receive News & Ratings for Investors Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.