Zacks Investment Management increased its position in shares of Investors Bancorp, Inc. (NASDAQ:ISBC) by 27.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,710 shares of the savings and loans company’s stock after purchasing an additional 3,772 shares during the period. Zacks Investment Management’s holdings in Investors Bancorp were worth $237,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Comerica Bank raised its position in shares of Investors Bancorp by 1.3% during the 2nd quarter. Comerica Bank now owns 449,377 shares of the savings and loans company’s stock valued at $5,860,000 after purchasing an additional 5,864 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Investors Bancorp by 80.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 8,881,755 shares of the savings and loans company’s stock valued at $118,659,000 after purchasing an additional 3,950,175 shares during the period. Geode Capital Management LLC raised its position in shares of Investors Bancorp by 3.8% during the 1st quarter. Geode Capital Management LLC now owns 2,725,538 shares of the savings and loans company’s stock valued at $39,193,000 after purchasing an additional 98,739 shares during the period. Marshall Wace LLP raised its position in shares of Investors Bancorp by 6.0% during the 2nd quarter. Marshall Wace LLP now owns 527,924 shares of the savings and loans company’s stock valued at $6,863,000 after purchasing an additional 29,802 shares during the period. Finally, Rothschild Asset Management Inc. raised its position in shares of Investors Bancorp by 3.9% during the 2nd quarter. Rothschild Asset Management Inc. now owns 2,262,114 shares of the savings and loans company’s stock valued at $30,222,000 after purchasing an additional 84,773 shares during the period. Hedge funds and other institutional investors own 74.21% of the company’s stock.

In other news, Director Robert C. Albanese sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $13.62, for a total value 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 is available through this link. Also, Director Brian D. Dittenhafer sold 22,500 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $13.05, for a total transaction of $293,625.00. Following the completion of the sale, the director now owns 350,388 shares of the company’s stock, valued at $4,572,563.40. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $788,100 over the last quarter. Company insiders own 2.96% of the company’s stock.

Several equities analysts recently weighed in on ISBC shares. Zacks Investment Research cut shares of Investors Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $15.00 target price on shares of Investors Bancorp in a research note on Thursday, August 3rd. Stephens set a $16.00 target price on shares of Investors Bancorp and gave the company a “buy” rating in a research note on Friday, July 28th. BidaskClub cut shares of Investors Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $16.00 target price on shares of Investors Bancorp in a research note on Friday, July 7th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.08.

Investors Bancorp, Inc. (NASDAQ ISBC) opened at 13.63 on Friday. The stock has a market capitalization of $4.03 billion, a PE ratio of 21.26 and a beta of 0.69. Investors Bancorp, Inc. has a 52 week low of $11.58 and a 52 week high of $15.11. The firm has a 50 day moving average of $13.23 and a 200-day moving average of $13.49.

Investors Bancorp (NASDAQ:ISBC) last issued its earnings results on Thursday, July 27th. The savings and loans company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The business had revenue of $176.38 million during the quarter, compared to analyst estimates of $179.25 million. Investors Bancorp had a net margin of 20.91% and a return on equity of 5.79%. During the same quarter last year, the company earned $0.15 earnings per share. On average, equities analysts predict that Investors Bancorp, Inc. will post $0.56 EPS for the current year.

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Investors Bancorp 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.

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

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