RMB Capital Management LLC lowered its holdings in shares of Investors Bancorp Inc (NASDAQ:ISBC) by 89.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,434 shares of the savings and loans company’s stock after selling 1,297,127 shares during the quarter. RMB Capital Management LLC’s holdings in Investors Bancorp were worth $1,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Investors Bancorp by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 3,030,028 shares of the savings and loans company’s stock valued at $31,511,000 after purchasing an additional 106,555 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Investors Bancorp by 1.4% during the 4th quarter. California State Teachers Retirement System now owns 383,486 shares of the savings and loans company’s stock valued at $3,988,000 after purchasing an additional 5,169 shares during the last quarter. Roundview Capital LLC purchased a new stake in shares of Investors Bancorp during the 4th quarter valued at about $188,000. Dimensional Fund Advisors LP increased its position in shares of Investors Bancorp by 12.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,575,152 shares of the savings and loans company’s stock valued at $99,581,000 after purchasing an additional 1,082,081 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Investors Bancorp by 42.5% during the 4th quarter. Hsbc Holdings PLC now owns 22,112 shares of the savings and loans company’s stock valued at $230,000 after purchasing an additional 6,593 shares during the last quarter. 59.25% of the stock is owned by hedge funds and other institutional investors.

ISBC has been the subject of several research reports. BidaskClub raised shares of Investors Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, January 7th. Zacks Investment Research raised shares of Investors Bancorp from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, January 2nd. Barclays reaffirmed a “hold” rating and set a $14.00 price target on shares of Investors Bancorp in a research report on Friday, January 11th. Wells Fargo & Co lowered shares of Investors Bancorp from an “outperform” rating to a “market perform” rating and set a $12.14 price target for the company. in a research report on Friday, February 1st. Finally, Piper Jaffray Companies raised shares of Investors Bancorp from a “neutral” rating to an “overweight” rating and upped their price target for the company from $12.50 to $13.50 in a research report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Investors Bancorp presently has an average rating of “Hold” and a consensus target price of $13.88.

Shares of NASDAQ:ISBC opened at $12.13 on Friday. The company has a market cap of $3.42 billion, a P/E ratio of 14.98, a P/E/G ratio of 1.24 and a beta of 0.92. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.81. Investors Bancorp Inc has a 12-month low of $9.94 and a 12-month high of $14.40.

Investors Bancorp (NASDAQ:ISBC) last announced its quarterly earnings data on Wednesday, January 30th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. The company had revenue of $148.51 million during the quarter, compared to the consensus estimate of $175.20 million. Investors Bancorp had a return on equity of 7.54% and a net margin of 20.70%. During the same period in the previous year, the company posted $0.17 EPS. On average, sell-side analysts expect that Investors Bancorp Inc will post 0.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 25th. Investors of record on Monday, February 11th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, February 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.63%. Investors Bancorp’s dividend payout ratio (DPR) is presently 54.32%.

In related news, Director Doreen R. Byrnes sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $12.74, for a total transaction of $382,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Albanese sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $10.28, for a total value of $51,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 303,100 shares of company stock valued at $3,739,273. 3.51% of the stock is currently owned by corporate insiders.

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Investors Bancorp Profile

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

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