The Vanguard Group Inc. Increases Stake in Investors Bancorp Inc. (ISBC)

The Vanguard Group Inc. Increases Stake in Investors Bancorp Inc. (ISBC)

Vanguard Group Inc. raised its stake in Investors Bancorp Inc. (NASDAQ:ISBC) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,159,842 shares of the company’s stock after buying an additional 191,100 shares during the period. Vanguard Group Inc. owned about 7.71% of Investors Bancorp worth $256,611,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ISBC. Fuller & Thaler Asset Management Inc. increased its position in Investors Bancorp by 16.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 19,015,666 shares of the company’s stock valued at $210,694,000 after buying an additional 2,740,927 shares during the period. Dimensional Fund Advisors LP increased its position in Investors Bancorp by 12.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,361,530 shares of the company’s stock valued at $81,564,000 after buying an additional 801,950 shares during the period. Renaissance Technologies LLC increased its position in Investors Bancorp by 20.4% in the first quarter. Renaissance Technologies LLC now owns 6,205,325 shares of the company’s stock valued at $72,230,000 after buying an additional 1,053,338 shares during the period. Goldman Sachs Group Inc. increased its position in Investors Bancorp by 115.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,973,884 shares of the company’s stock valued at $34,616,000 after buying an additional 1,594,359 shares during the period. Finally, Geode Capital Management LLC increased its position in Investors Bancorp by 1.4% in the first quarter. Geode Capital Management LLC now owns 2,308,695 shares of the company’s stock valued at $26,873,000 after buying an additional 32,036 shares during the period. Institutional investors and hedge funds own 76.67% of the company’s stock.

Investors Bancorp Inc. (NASDAQ:ISBC) opened at 11.93 on Wednesday. The company’s 50 day moving average is $11.97 and its 200-day moving average is $11.61. The firm has a market cap of $3.58 billion, a P/E ratio of 20.57 and a beta of 0.70. Investors Bancorp Inc. has a 52 week low of $10.67 and a 52 week high of $13.13.

Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Investors Bancorp had a net margin of 22.58% and a return on equity of 5.44%. During the same quarter last year, the business posted $0.14 earnings per share. Equities analysts expect that Investors Bancorp Inc. will post $0.59 earnings per share for the current year.

ISBC has been the subject of several research reports. Zacks Investment Research downgraded shares of Investors Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Piper Jaffray Cos. upgraded shares of Investors Bancorp from a “neutral” rating to an “overweight” rating and set a $13.00 price target for the company in a research note on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $12.70.

In other Investors Bancorp news, Director Doreen R. Byrnes sold 40,000 shares of the firm’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $11.71, for a total transaction of $468,400.00. Following the completion of the transaction, the director now directly owns 221,263 shares of the company’s stock, valued at approximately $2,590,989.73. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Doreen R. Byrnes sold 20,000 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $12.01, for a total transaction of $240,200.00. Following the transaction, the director now directly owns 182,088 shares of the company’s stock, valued at $2,186,876.88. The disclosure for this sale can be found here. Company insiders own 3.44% of the company’s stock.

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