Investors Bancorp (NASDAQ:ISBC) announced its earnings results on Wednesday. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01, MarketWatch Earnings reports. Investors Bancorp had a return on equity of 7.02% and a net margin of 16.82%. The business had revenue of $192.13 million for the quarter, compared to analyst estimates of $201.80 million. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year.

Shares of NASDAQ ISBC traded down $0.41 during midday trading on Friday, hitting $8.10. 82,515 shares of the company’s stock were exchanged, compared to its average volume of 1,443,066. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s 50 day moving average price is $8.28 and its 200-day moving average price is $9.33. The firm has a market cap of $2.06 billion, a P/E ratio of 11.05 and a beta of 1.14. Investors Bancorp has a twelve month low of $6.31 and a twelve month high of $12.74.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.48 annualized dividend and a dividend yield of 5.93%. Investors Bancorp’s dividend payout ratio is presently 62.34%.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub lowered Investors Bancorp from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 13th. Royal Bank of Canada reaffirmed a “buy” rating and set a $11.00 target price on shares of Investors Bancorp in a research report on Monday, April 13th. Compass Point dropped their target price on Investors Bancorp from $13.00 to $10.50 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, ValuEngine downgraded Investors Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Investors Bancorp has an average rating of “Hold” and a consensus price target of $10.50.

Investors Bancorp Company Profile

Investors Bancorp, Inc operates as the bank 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. The company's loan portfolio comprises multi-family, commercial real estate, commercial and industrial, and construction loans; one-to four-family residential mortgage loans secured by one-to four-family residential real estate; and consumer and other loans primarily consisting of home equity loans, and home equity lines of credit, as well as various insurance products comprising life insurance, fixed annuities, and indexed annuities.

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Earnings History for Investors Bancorp (NASDAQ:ISBC)

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