M&T Bank Corp maintained its position in Investors Bancorp, Inc. (NASDAQ:ISBC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,083 shares of the savings and loans company’s stock at the end of the first quarter. M&T Bank Corp’s holdings in Investors Bancorp were worth $275,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. World Asset Management Inc raised its position in Investors Bancorp by 0.7% in the first quarter. World Asset Management Inc now owns 10,909 shares of the savings and loans company’s stock worth $157,000 after buying an additional 72 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Investors Bancorp during the fourth quarter worth approximately $162,000. TFS Capital LLC bought a new position in Investors Bancorp during the first quarter worth approximately $164,000. Bronfman E.L. Rothschild L.P. raised its position in Investors Bancorp by 17.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,661 shares of the savings and loans company’s stock worth $168,000 after buying an additional 1,735 shares in the last quarter. Finally, US Bancorp DE raised its position in Investors Bancorp by 4.1% in the first quarter. US Bancorp DE now owns 13,703 shares of the savings and loans company’s stock worth $198,000 after buying an additional 546 shares in the last quarter. 76.08% of the stock is currently owned by institutional investors.

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

Investors Bancorp, Inc. (NASDAQ:ISBC) opened at 13.63 on Friday. The firm has a 50-day moving average price of $13.53 and a 200 day moving average price of $14.05. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 20.65 and a beta of 0.69. Investors Bancorp, Inc. has a 52 week low of $10.67 and a 52 week high of $15.11.

Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings data on Thursday, April 27th. The savings and loans company reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. The firm had revenue of $176.82 million for the quarter, compared to analyst estimates of $175.48 million. Investors Bancorp had a return on equity of 5.95% and a net margin of 21.92%. During the same period last year, the company earned $0.14 EPS. On average, equities research analysts forecast that Investors Bancorp, Inc. will post $0.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Wednesday, May 10th were given a $0.08 dividend. The ex-dividend date was Monday, May 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.35%. Investors Bancorp’s dividend payout ratio is currently 50.00%.

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A number of research firms recently commented on ISBC. Zacks Investment Research raised Investors Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, April 5th. Deutsche Bank AG cut their price objective on Investors Bancorp from $15.00 to $14.50 and set a “hold” rating on the stock in a research note on Wednesday, May 3rd. BidaskClub raised Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods set a $16.00 price objective on Investors Bancorp and gave the stock a “buy” rating in a research note on Monday, April 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.50.

In other news, Director Doreen R. Byrnes sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $13.67, for a total value of $546,800.00. Following the completion of the transaction, the director now owns 169,663 shares in the company, valued at approximately $2,319,293.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Paul Kalamaras sold 120,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $13.59, for a total value of $1,630,800.00. Following the completion of the transaction, the vice president now owns 725,827 shares of the company’s stock, valued at approximately $9,863,988.93. The disclosure for this sale can be found here. 2.96% of the stock is currently owned by company insiders.

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.

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