$0.19 EPS Expected for Investors Bancorp Inc (ISBC) This Quarter

Analysts expect Investors Bancorp Inc (NASDAQ:ISBC) to announce earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Investors Bancorp’s earnings. Investors Bancorp posted earnings of $0.17 per share in the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, January 24th.

According to Zacks, analysts expect that Investors Bancorp will report full year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.78. For the next financial year, analysts forecast that the business will post earnings of $0.77 per share, with EPS estimates ranging from $0.74 to $0.81. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Investors Bancorp.

Investors Bancorp (NASDAQ:ISBC) last issued its earnings results on Thursday, October 25th. The savings and loans company reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $177.21 million during the quarter, compared to the consensus estimate of $181.19 million. Investors Bancorp had a return on equity of 7.01% and a net margin of 16.73%.

Several analysts have recently commented on ISBC shares. BidaskClub downgraded Investors Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 29th. Zacks Investment Research cut shares of Investors Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $14.00 price target on shares of Investors Bancorp in a research report on Friday, July 27th. ValuEngine cut shares of Investors Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Finally, Stephens reaffirmed a “buy” rating and issued a $15.00 price target on shares of Investors Bancorp in a research report on Thursday, August 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.79.

In related news, Director Robert C. Albanese sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $12.29, for a total value of $61,450.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.51% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of ISBC. Millennium Management LLC bought a new position in shares of Investors Bancorp during the 2nd quarter worth approximately $13,344,000. Thompson Siegel & Walmsley LLC lifted its position in shares of Investors Bancorp by 42.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 3,306,098 shares of the savings and loans company’s stock worth $40,566,000 after buying an additional 985,609 shares in the last quarter. Federated Investors Inc. PA lifted its position in shares of Investors Bancorp by 5,310.2% during the 2nd quarter. Federated Investors Inc. PA now owns 816,611 shares of the savings and loans company’s stock worth $10,444,000 after buying an additional 801,517 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Investors Bancorp by 17.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,942,941 shares of the savings and loans company’s stock worth $50,430,000 after buying an additional 591,211 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Investors Bancorp by 3.0% during the 2nd quarter. BlackRock Inc. now owns 18,336,408 shares of the savings and loans company’s stock worth $234,523,000 after buying an additional 528,918 shares in the last quarter. 62.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ISBC traded down $0.18 during trading hours on Monday, hitting $12.31. The stock had a trading volume of 492,655 shares, compared to its average volume of 3,026,526. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $4.49 billion, a PE ratio of 19.85, a P/E/G ratio of 1.35 and a beta of 0.62. Investors Bancorp has a 1-year low of $10.27 and a 1-year high of $14.69.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be given a $0.11 dividend. This is a boost from Investors Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.44 annualized dividend and a yield of 3.57%. Investors Bancorp’s dividend payout ratio (DPR) is presently 58.06%.

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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