Investors Bancorp (NASDAQ:ISBC) announced its earnings results on Thursday, October 25th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19, Fidelity Earnings reports. The company had revenue of $177.21 million for the quarter, compared to analyst estimates of $181.19 million. Investors Bancorp had a return on equity of 7.01% and a net margin of 16.73%.
Shares of ISBC stock traded down $0.11 on Friday, reaching $12.40. 2,509,417 shares of the stock were exchanged, compared to its average volume of 3,287,983. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.66. The company has a market cap of $4.48 billion, a P/E ratio of 20.00, a PEG ratio of 1.35 and a beta of 0.62. Investors Bancorp has a twelve month low of $10.27 and a twelve month high of $14.69.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.55%. This is an increase from Investors Bancorp’s previous quarterly dividend of $0.09. Investors Bancorp’s payout ratio is presently 58.06%.
A number of analysts have issued reports on the company. BidaskClub raised Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Stephens reissued a “buy” rating and issued a $15.00 target price on shares of Investors Bancorp in a research report on Thursday, August 16th. ValuEngine raised Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research raised Investors Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $14.00 price target on shares of Investors Bancorp in a research note on Friday, July 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $14.79.
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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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