Investors Bancorp (NASDAQ:ISBC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

According to Zacks, “Investors Bancorp, Inc. operates as the holding company for Investors Savings Bank, which provides a range of banking services in the United States. The company generates deposits and originates loans. The company operates from its corporate headquarters in Short Hills, New Jersey, and fifty-three branch offices located in Essex, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Somerset, Union and Warren Counties, New Jersey. The Bank is engaged 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. It originates mortgage loans secured by one-to four-family residential real estate and consumer loans, the majority of which are home equity loans and home equity lines of credit. “

A number of other analysts have also recently issued reports on the stock. Stephens reiterated a “buy” rating and issued a $15.00 target price on shares of Investors Bancorp in a research note on Thursday, August 16th. ValuEngine upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $14.00 target price on shares of Investors Bancorp in a research note on Friday, July 27th. Finally, BidaskClub upgraded shares of Investors Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 24th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.79.

NASDAQ ISBC opened at $12.26 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.36 and a beta of 0.58. Investors Bancorp has a 12-month low of $12.25 and a 12-month high of $14.69.

Investors Bancorp (NASDAQ:ISBC) last posted its earnings results on Thursday, July 26th. The savings and loans company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. The firm had revenue of $182.78 million during the quarter, compared to analysts’ expectations of $180.64 million. Investors Bancorp had a net margin of 16.21% and a return on equity of 6.71%. During the same period in the previous year, the company earned $0.14 earnings per share. analysts anticipate that Investors Bancorp will post 0.77 EPS for the current fiscal year.

In other news, Director Robert C. Albanese sold 5,000 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $12.70, for a total value of $63,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.51% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Strs Ohio lifted its stake in shares of Investors Bancorp by 5.1% in the second quarter. Strs Ohio now owns 122,700 shares of the savings and loans company’s stock worth $1,569,000 after buying an additional 6,000 shares during the last quarter. Highlander Capital Management LLC lifted its stake in shares of Investors Bancorp by 31.5% in the first quarter. Highlander Capital Management LLC now owns 31,494 shares of the savings and loans company’s stock worth $415,000 after buying an additional 7,544 shares during the last quarter. Ramsey Quantitative Systems lifted its stake in shares of Investors Bancorp by 43.5% in the second quarter. Ramsey Quantitative Systems now owns 25,309 shares of the savings and loans company’s stock worth $324,000 after buying an additional 7,672 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Investors Bancorp by 32.0% in the second quarter. State of Alaska Department of Revenue now owns 32,765 shares of the savings and loans company’s stock worth $419,000 after buying an additional 7,950 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Investors Bancorp by 42.0% in the second quarter. CIBC Private Wealth Group LLC now owns 29,746 shares of the savings and loans company’s stock worth $380,000 after buying an additional 8,795 shares during the last quarter. Institutional investors and hedge funds own 63.41% of the company’s stock.

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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