Today Investors Bancorp, Inc. (ISBC) Stock Reaches Yearly Low

July 13, 2018 - By Nellie Rakes

Investors Bancorp, Inc. (NASDAQ:ISBC) Logo

Investors sentiment decreased to 0.9 in 2018 Q1. Its down 0.16, from 1.06 in 2017Q4. It dived, as 27 investors sold Investors Bancorp, Inc. shares while 63 reduced holdings. 27 funds opened positions while 54 raised stakes. 224.58 million shares or 3.56% less from 232.86 million shares in 2017Q4 were reported.
Scotia Inc accumulated 46,218 shares. Trexquant L P holds 30,254 shares or 0.03% of its portfolio. Pl Cap Advsr Lc reported 0.39% in Investors Bancorp, Inc. (NASDAQ:ISBC). The Tennessee-based Delta Asset Mngmt Ltd Limited Liability Company Tn has invested 0% in Investors Bancorp, Inc. (NASDAQ:ISBC). Cubist Systematic Strategies Lc has 19,556 shares for 0.02% of their portfolio. State Board Of Administration Of Florida Retirement reported 92,807 shares. Teacher Retirement System Of Texas invested 0.01% in Investors Bancorp, Inc. (NASDAQ:ISBC). American Rech And Mgmt invested in 0.01% or 2,550 shares. Pnc Fincl Service Group Inc accumulated 3,350 shares. Dimensional Fund Limited Partnership accumulated 8.16M shares. North Carolina-based State Bank Of America Corp De has invested 0.01% in Investors Bancorp, Inc. (NASDAQ:ISBC). Matarin Capital Management Limited Liability holds 0% in Investors Bancorp, Inc. (NASDAQ:ISBC) or 57,761 shares. 2.02M are owned by First Limited Partnership. The Maryland-based Proshare Advisors Limited Liability has invested 0.01% in Investors Bancorp, Inc. (NASDAQ:ISBC). Great West Life Assurance Can owns 27,091 shares.

The stock of Investors Bancorp, Inc. (NASDAQ:ISBC) hit a new 52-week low and has $11.71 target or 7.00 % below today’s $12.59 share price. The 9 months bearish chart indicates high risk for the $3.65 billion company. The 1-year low was reported on Jul, 13 by Barchart.com. If the $11.71 price target is reached, the company will be worth $255.22 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.71% or $0.09 during the last trading session, reaching $12.59. About 2.53M shares traded or 7.97% up from the average. Investors Bancorp, Inc. (NASDAQ:ISBC) has risen 1.87% since July 13, 2017 and is uptrending. It has underperformed by 10.70% the S&P500.

Analysts await Investors Bancorp, Inc. (NASDAQ:ISBC) to report earnings on July, 26. They expect $0.19 earnings per share, up 35.71 % or $0.05 from last year’s $0.14 per share. ISBC’s profit will be $55.02 million for 16.57 P/E if the $0.19 EPS becomes a reality. After $0.20 actual earnings per share reported by Investors Bancorp, Inc. for the previous quarter, Wall Street now forecasts -5.00 % negative EPS growth.

Investors Bancorp, Inc. (NASDAQ:ISBC) Ratings Coverage

Among 3 analysts covering Investors Bancorp (NASDAQ:ISBC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Investors Bancorp had 5 analyst reports since January 26, 2018 according to SRatingsIntel. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, May 4. Piper Jaffray maintained Investors Bancorp, Inc. (NASDAQ:ISBC) rating on Monday, January 29. Piper Jaffray has “Hold” rating and $15.5 target. On Friday, January 26 the stock rating was maintained by Sandler O’Neill with “Hold”. The stock has “Underweight” rating by Barclays Capital on Tuesday, January 30. The rating was upgraded by Sandler O’Neill to “Buy” on Thursday, April 5.

Investors Bancorp, Inc. operates as the holding firm for Investors Bank that provides various banking services and products to individuals and businesses in the United States. The company has market cap of $3.65 billion. The Company’s deposit products include savings, checking, and money market accounts, as well as certificates of deposit. It has a 26.84 P/E ratio. 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.

Investors Bancorp, Inc. (NASDAQ:ISBC) Ratings Chart

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