About Investors Bancorp (NASDAQ:ISBC)
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. It originates mortgage loans secured by one-to four-family residential real estate loans, multi-family loans, commercial real estate loans, construction loans, commercial and industrial loans and consumer loans, the majority of which are home equity loans and home equity lines of credit. Securities, primarily United States Government and Federal Agency obligations, mortgage-backed and other securities represented 12.3% of its assets as of December 31, 2012. In December 2013, Investors Bancorp Inc completed its acquisition of Roma Financial Corp, and its subsidiary banks, Roma Bank and RomAsia Bank. In January 2014, Investors Bancorp Inc acquired Gateway Community Financial Corp.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Savings & Loans
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:ISBC
- CUSIP: 46146P10
- Web: www.myinvestorsbank.com
- Market Cap: $4.09 billion
- Outstanding Shares: 295,838,000
- 50 Day Moving Avg: $13.46
- 200 Day Moving Avg: $13.47
- 52 Week Range: $11.83 - $15.11
Sales & Book Value:
- Trailing P/E Ratio: 21.59
- Foreward P/E Ratio: 21.97
- P/E Growth: 2.05
- Annual Revenue: $678.79 million
- Price / Sales: 6.03
- Book Value: $10.66 per share
- Price / Book: 1.30
- Annual Dividend: $0.32
- Dividend Yield: 2.3%
- Net Margins: 20.91%
- Return on Equity: 5.79%
- Return on Assets: 0.77%
- Debt-to-Equity Ratio: 1.55%
- Current Ratio: 1.24%
- Quick Ratio: 1.24%
- Average Volume: 3.10 million shs.
- Beta: 0.69
- Short Ratio: 1.29
Frequently Asked Questions for Investors Bancorp (NASDAQ:ISBC)
What is Investors Bancorp's stock symbol?
Investors Bancorp trades on the NASDAQ under the ticker symbol "ISBC."
How often does Investors Bancorp pay dividends? What is the dividend yield for Investors Bancorp?
Investors Bancorp declared a quarterly dividend on Friday, July 28th. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.08 per share on Friday, August 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Tuesday, August 8th. View Investors Bancorp's Dividend History.
How were Investors Bancorp's earnings last quarter?
Investors Bancorp, Inc. (NASDAQ:ISBC) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by $0.02. The business earned $176.38 million during the quarter, compared to the consensus estimate 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 in the prior year, the business earned $0.15 EPS. View Investors Bancorp's Earnings History.
When will Investors Bancorp make its next earnings announcement?
Where is Investors Bancorp's stock going? Where will Investors Bancorp's stock price be in 2017?
6 brokerages have issued 1-year price targets for Investors Bancorp's shares. Their predictions range from $13.00 to $16.00. On average, they anticipate Investors Bancorp's share price to reach $15.08 in the next year. View Analyst Ratings for Investors Bancorp.
Are investors shorting Investors Bancorp?
Investors Bancorp saw a increase in short interest during the month of September. As of September 15th, there was short interest totalling 11,647,496 shares, an increase of 32.2% from the August 31st total of 8,812,780 shares. Based on an average trading volume of 3,791,164 shares, the days-to-cover ratio is currently 3.1 days. Approximately 4.1% of the shares of the stock are sold short.
Who are some of Investors Bancorp's key competitors?
Some companies that are related to Investors Bancorp include Camden Property Trust (CPT), Macerich Company (The) (MAC), Kimco Realty Corporation (KIM), Scor SE (SCRYY), VEREIT (VER), Gaming and Leisure Properties (GLPI), Equity Lifestyle Properties (ELS), Zillow Group (Z), W.P. Carey (WPC), Voya Financial (VOYA), Signature Bank (SBNY), Invitation Home (INVH), MarketAxess Holdings (MKTX), Kilroy Realty Corporation (KRC), Sun Communities (SUI), Ares Capital Corporation (ARCC), Grupo Financiero Galicia S.A. (GGAL) and Apartment Investment and Management Company (AIV).
Who owns Investors Bancorp stock?
Investors Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Mutual of America Capital Management LLC (0.12%) and Quantitative Systematic Strategies LLC (0.07%). Company insiders that own Investors Bancorp stock include Brian D Dittenhafer, Dennis M Bone, Domenick A Cama, Doreen R Byrnes, James H Ward III, James J Garibaldi, Kevin Cummings, Michele N Siekerka, Paul Kalamaras, Richard Spengler, Robert C Albanese, Robert M Cashill and William V Cosgrove. View Institutional Ownership Trends for Investors Bancorp.
Who sold Investors Bancorp stock? Who is selling Investors Bancorp stock?
Investors Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC. Company insiders that have sold Investors Bancorp stock in the last year include Brian D Dittenhafer, Dennis M Bone, Doreen R Byrnes, James J Garibaldi, Paul Kalamaras, Richard Spengler, Robert C Albanese, Robert M Cashill and William V Cosgrove. View Insider Buying and Selling for Investors Bancorp.
Who bought Investors Bancorp stock? Who is buying Investors Bancorp stock?
Investors Bancorp's stock was bought by a variety of institutional investors in the last quarter, including Quantitative Systematic Strategies LLC. Company insiders that have bought Investors Bancorp stock in the last two years include Dennis M Bone, James H Ward III and Michele N Siekerka. View Insider Buying and Selling for Investors Bancorp.
How do I buy Investors Bancorp stock?
Shares of Investors Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Investors Bancorp's stock price today?
MarketBeat Community Rating for Investors Bancorp (NASDAQ ISBC)MarketBeat's community ratings are surveys of what our community members think about Investors Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Investors Bancorp stock can currently be purchased for approximately $13.84.
Consensus Ratings for Investors Bancorp (NASDAQ:ISBC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$15.08 (8.98% upside)|Consensus Price Target History for Investors Bancorp (NASDAQ:ISBC)
Analysts' Ratings History for Investors Bancorp (NASDAQ:ISBC)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/3/2017||Piper Jaffray Companies||Reiterated Rating||Buy||$15.00||Low|
|7/28/2017||Stephens||Set Price Target||Buy||$16.00||Low|
|7/7/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$16.00||Low|
|5/3/2017||Deutsche Bank AG||Lower Price Target||Hold||$15.00 -> $14.50||Low|
|4/3/2017||Keefe, Bruyette & Woods||Set Price Target||Buy||$16.00||Low|
|12/6/2016||Barclays PLC||Downgrade||Overweight -> Underweight||$13.00||N/A|
|5/4/2016||Compass Point||Upgrade||Sell -> Neutral||$10.50 -> $11.50||N/A|
|10/30/2015||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||N/A|
Earnings History for Investors Bancorp (NASDAQ:ISBC)Earnings History by Quarter for Investors Bancorp (NASDAQ ISBC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.15||$0.14||$179.25 million||$176.38 million||View||N/A|
|4/27/2017||Q1 2017||$0.16||$0.16||$175.48 million||$176.82 million||View||N/A|
|1/26/2017||Q416||$0.15||$0.18||$172.61 million||$177.21 million||View||N/A|
|10/27/2016||Q316||$0.15||$0.15||$163.95 million||$168.13 million||View||N/A|
|7/27/2016||Q216||$0.14||$0.15||$165.14 million||$168.77 million||View||N/A|
|4/28/2016||Q116||$0.13||$0.14||$162.17 million||$163.27 million||View||N/A|
|1/28/2016||Q415||$0.14||$0.14||$163.99 million||$159.52 million||View||Listen|
|10/29/2015||Q315||$0.13||$0.14||$161.48 million||$162.58 million||View||Listen|
|7/30/2015||Q215||$0.12||$0.14||$155.31 million||$160.14 million||View||Listen|
|4/30/2015||Q115||$0.12||$0.12||$151.15 million||$152.97 million||View||N/A|
|1/29/2015||Q414||$0.11||$0.12||$150.29 million||$150.05 million||View||N/A|
|10/30/2014||Q314||$0.10||$0.11||$143.82 million||$147.72 million||View||N/A|
|7/24/2014||Q214||$0.10||$0.10||$144.81 million||$144.94 million||View||N/A|
|4/17/2014||Q114||$0.24||$0.25||$135.39 million||$141.13 million||View||N/A|
|4/29/2013||Q1 2013||$0.24||$0.25||$103.12 million||View||N/A|
Earnings Estimates for Investors Bancorp (NASDAQ:ISBC)
2017 EPS Consensus Estimate: $0.56
2018 EPS Consensus Estimate: $0.63
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Investors Bancorp (NASDAQ:ISBC)
|Most Recent Dividend:||8/25/2017|
|Payout Ratio:||50.79% (Trailing 12 Months of Earnings) |
57.14% (Based on This Year's Estimates)
50.79% (Based on Next Year's Estimates)
Dividend History by Quarter for Investors Bancorp (NASDAQ ISBC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Investors Bancorp (NASDAQ:ISBC)
Insider Ownership Percentage: 2.96%Insider Trades by Quarter for Investors Bancorp (NASDAQ:ISBC)
Institutional Ownership Percentage: 74.21%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/2/2017||Robert C Albanese||Director||Sell||5,000||$13.62||$68,100.00|| |
|9/12/2017||Dennis M Bone||Director||Sell||7,500||$13.25||$99,375.00|| |
|9/5/2017||Robert M Cashill||Director||Sell||25,000||$13.08||$327,000.00|| |
|8/24/2017||Brian D Dittenhafer||Director||Sell||22,500||$13.05||$293,625.00|| |
|5/16/2017||Paul Kalamaras||VP||Sell||120,000||$13.59||$1,630,800.00|| |
|5/4/2017||Doreen R Byrnes||Director||Sell||40,000||$13.67||$546,800.00|| |
|3/13/2017||Richard Spengler||VP||Sell||60,000||$14.54||$872,400.00|| |
|3/2/2017||Brian D Dittenhafer||Director||Sell||25,000||$14.67||$366,750.00|| |
|12/5/2016||James J Garibaldi||Director||Sell||11,000||$13.79||$151,690.00|| |
|12/1/2016||James H Ward III||Director||Buy||3,784||$13.59||$51,424.56|| |
|11/30/2016||William V Cosgrove||Director||Sell||155,000||$13.83||$2,143,650.00|| |
|9/12/2016||Paul Kalamaras||VP||Sell||182,000||$11.95||$2,174,900.00|| |
|9/6/2016||Domenick A Cama||VP||Sell||920,000||$12.13||$11,159,600.00|| |
|9/2/2016||Kevin Cummings||Insider||Sell||997,499||$12.11||$12,079,712.89|| |
|9/1/2016||Brian D Dittenhafer||Director||Sell||124,529||$12.27||$1,527,970.83|| |
|8/29/2016||Doreen R Byrnes||Director||Sell||20,000||$12.01||$240,200.00|| |
|8/25/2016||Richard Spengler||VP||Sell||109,999||$11.85||$1,303,488.15|| |
|8/22/2016||Doreen R Byrnes||Director||Sell||40,000||$11.71||$468,400.00|| |
|5/18/2016||Michele N Siekerka||Director||Sell||25,407||$11.57||$293,958.99|| |
|3/1/2016||Brian D Dittenhafer||Director||Sell||128,674||$11.61||$1,493,905.14|| |
|2/19/2016||Dennis M Bone||Director||Buy||5,000||$11.45||$57,250.00|| |
|2/11/2016||Michele N Siekerka||Director||Buy||2,347||$10.85||$25,464.95|| |
|12/9/2015||James H. Ward III||Director||Buy||3,325||$12.43||$41,329.75|| |
|11/30/2015||Brian D. Dittenhafer||Director||Sell||100,000||$12.83||$1,283,000.00|| |
|9/11/2015||Paul Kalamaras||VP||Sell||175,000||$12.03||$2,105,250.00|| |
|6/16/2015||Robert M Cashill||Director||Sell||300,000||$12.58||$3,774,000.00|| |
|6/3/2015||Doreen R Byrnes||Director||Sell||166,250||$12.11||$2,013,287.50|| |
|2/18/2015||Brian D Dittenhafer||Director||Sell||60,000||$11.66||$699,600.00|| |
|12/1/2014||Robert C Albanese||Director||Buy||9,800||$10.81||$105,938.00|| |
|11/13/2014||Brian D Dittenhafer||Director||Sell||70,000||$10.79||$755,300.00|| |
|11/4/2014||Doreen R Byrnes||Director||Sell||140,000||$10.68||$1,495,200.00|| |
|8/18/2014||Brian D Dittenhafer||Director||Sell||40,000||$10.40||$416,000.00|| |
|8/15/2014||Richard Spengler||VP||Sell||130,000||$10.38||$1,349,400.00|| |
|8/11/2014||Doreen R Byrnes||Director||Sell||140,000||$10.36||$1,450,400.00|| |
|8/11/2014||Richard Spengler||VP||Sell||270,000||$10.36||$2,797,200.00|| |
|6/11/2014||James H Ward III||Director||Buy||1,130||$10.82||$12,226.60|| |
|5/7/2014||Domenick Cama||COO||Buy||31,888||$10.00||$318,880.00|| |
|5/7/2014||Doreen Byrnes||Director||Buy||25,000||$10.00||$250,000.00|| |
|5/7/2014||Kevin Cummings||CEO||Buy||34,359||$10.00||$343,590.00|| |
|5/7/2014||Richard Spengler||VP||Buy||15,877||$10.00||$158,770.00|| |
|5/7/2014||Thomas Splaine, Jr.||CFO||Buy||26,000||$10.00||$260,000.00|| |
|1/25/2014||Domenick Cama||COO||Sell||5,300||$25.36||$134,408.00|| |
|1/25/2014||Kevin Cummings||CEO||Sell||7,965||$25.36||$201,992.40|| |
|1/25/2014||Richard Spengler||VP||Sell||2,639||$25.36||$66,925.04|| |
|1/25/2014||Thomas Splaine, Jr.||CFO||Sell||1,403||$25.36||$35,580.08|| |
|1/23/2014||Kevin Cummings||CEO||Sell||8,004||$25.48||$203,941.92|| |
|1/23/2014||Paul Kalamaras||VP||Sell||7,475||$24.38||$182,240.50|| |
|12/2/2013||Brendan Dugan||Director||Buy||4,200||$23.86||$100,212.00|| |
|11/12/2013||Brian Dittenhafer||Director||Sell||12,000||$23.52||$282,240.00|| |
|11/5/2013||Doreen Byrnes||Director||Sell||25,000||$23.65||$591,250.00|| |
|8/8/2013||Brian Dittenhafer||Director||Sell||15,000||$22.43||$336,450.00|| |
|8/5/2013||Doreen Byrnes||Director||Sell||25,000||$22.51||$562,750.00|| |
|6/10/2013||Brian D Dittenhafer||Director||Sell||12,000||$20.33||$243,960.00|| |
|6/7/2013||Stephen J Szabatin||Director||Sell||20,000||$19.89||$397,800.00|| |
|5/24/2013||William V Cosgrove||Director||Sell||5,000||$20.23||$101,150.00|| |
|3/13/2013||James J Garibaldi||Director||Buy||1,000||$17.96||$17,960.00|| |
Headline Trends for Investors Bancorp (NASDAQ:ISBC)
Latest Headlines for Investors Bancorp (NASDAQ:ISBC)
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Investors Bancorp (ISBC) Chart for Monday, October, 23, 2017