Investors Bancorp Inc (ISBC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Investors Bancorp Inc (NASDAQ:ISBC) by 65.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 247,016 shares of the savings and loans company’s stock after selling 475,855 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Investors Bancorp worth $2,569,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc boosted its stake in Investors Bancorp by 0.9% during the third quarter. Vanguard Group Inc now owns 22,577,234 shares of the savings and loans company’s stock valued at $277,023,000 after buying an additional 194,524 shares during the period. Vanguard Group Inc. boosted its stake in Investors Bancorp by 0.9% during the third quarter. Vanguard Group Inc. now owns 22,577,234 shares of the savings and loans company’s stock valued at $277,023,000 after buying an additional 194,524 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Investors Bancorp by 4.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 21,444,804 shares of the savings and loans company’s stock valued at $263,128,000 after buying an additional 911,778 shares during the period. BlackRock Inc. boosted its stake in Investors Bancorp by 0.5% during the third quarter. BlackRock Inc. now owns 18,429,293 shares of the savings and loans company’s stock valued at $226,128,000 after buying an additional 92,885 shares during the period. Finally, Scopia Capital Management LP boosted its stake in Investors Bancorp by 28.8% during the third quarter. Scopia Capital Management LP now owns 14,190,051 shares of the savings and loans company’s stock valued at $174,112,000 after buying an additional 3,168,837 shares during the period. 75.09% of the stock is owned by institutional investors.

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

Shares of ISBC stock opened at $11.75 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.23 and a quick ratio of 1.23. Investors Bancorp Inc has a 12-month low of $9.94 and a 12-month high of $14.20. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.22 and a beta of 0.92.

Investors Bancorp (NASDAQ:ISBC) last issued its quarterly earnings results on Wednesday, January 30th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Investors Bancorp had a return on equity of 7.54% and a net margin of 20.70%. The firm had revenue of $148.51 million during the quarter, compared to analyst estimates of $175.20 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. Equities research analysts anticipate that Investors Bancorp Inc will post 0.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, February 25th. Shareholders of record on Monday, February 11th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.74%. The ex-dividend date was Friday, February 8th. Investors Bancorp’s dividend payout ratio (DPR) is currently 54.32%.

In other news, Director Doreen R. Byrnes sold 30,000 shares of Investors Bancorp stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $12.74, for a total value of $382,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert C. Albanese sold 5,000 shares of Investors Bancorp stock in a transaction dated Wednesday, January 2nd. The stock was 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. In the last ninety days, insiders have sold 303,100 shares of company stock valued at $3,739,273. Corporate insiders own 3.51% of the company’s stock.

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

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