Nordea Investment Management AB Grows Holdings in Investors Bancorp Inc (NASDAQ:ISBC)

Nordea Investment Management AB increased its holdings in shares of Investors Bancorp Inc (NASDAQ:ISBC) by 35.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 888,500 shares of the savings and loans company’s stock after acquiring an additional 233,000 shares during the period. Nordea Investment Management AB owned approximately 0.25% of Investors Bancorp worth $9,240,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Connable Office Inc. lifted its stake in shares of Investors Bancorp by 5.4% in the fourth quarter. Connable Office Inc. now owns 31,383 shares of the savings and loans company’s stock worth $326,000 after buying an additional 1,613 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Investors Bancorp by 3.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,046 shares of the savings and loans company’s stock worth $739,000 after buying an additional 2,359 shares in the last quarter. Paradigm Asset Management Co. LLC lifted its stake in shares of Investors Bancorp by 10.4% in the third quarter. Paradigm Asset Management Co. LLC now owns 29,600 shares of the savings and loans company’s stock worth $363,000 after buying an additional 2,800 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of Investors Bancorp in the fourth quarter worth approximately $31,000. Finally, Enlightenment Research LLC bought a new position in shares of Investors Bancorp in the fourth quarter worth approximately $35,000. 76.02% of the stock is currently owned by institutional investors and hedge funds.

In other Investors Bancorp news, Director Doreen R. Byrnes sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $12.74, for a total transaction of $382,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Harbour Group L.P. Blue sold 268,100 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $12.33, for a total transaction of $3,305,673.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,100 shares of company stock valued at $3,747,423. 3.51% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on ISBC shares. Barclays reiterated a “hold” rating and issued a $14.00 target price on shares of Investors Bancorp in a research note on Friday, January 11th. Wells Fargo & Co raised shares of Investors Bancorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $12.00 to $15.00 in a report on Thursday, January 31st. Piper Jaffray Companies raised shares of Investors Bancorp from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $12.50 to $13.50 in a report on Friday, February 1st. BidaskClub raised shares of Investors Bancorp from a “strong sell” rating to a “sell” rating in a report on Monday, January 7th. Finally, Zacks Investment Research cut shares of Investors Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Investors Bancorp presently has a consensus rating of “Hold” and an average target price of $13.61.

Shares of ISBC traded up $0.06 during mid-day trading on Wednesday, hitting $12.27. 1,883,400 shares of the company traded hands, compared to its average volume of 2,411,642. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.81. Investors Bancorp Inc has a 1 year low of $9.94 and a 1 year high of $13.80. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 1.25 and a beta of 0.91.

Investors Bancorp (NASDAQ:ISBC) last released its quarterly earnings data on Wednesday, January 30th. The savings and loans company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. Investors Bancorp had a net margin of 20.70% and a return on equity of 7.54%. The firm had revenue of $148.51 million during the quarter, compared to analysts’ expectations of $175.20 million. During the same period in the previous year, the company earned $0.17 earnings per share. As a group, analysts expect that Investors Bancorp Inc will post 0.81 earnings per share for the current year.

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Investors Bancorp Profile

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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Institutional Ownership by Quarter for Investors Bancorp (NASDAQ:ISBC)

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