05 August, 2017
NY owned approximately 0.07% of Investors Bancorp worth $2,876,000 at the end of the most recent reporting period. 49,041 shares of the company were exchanged. The firm owned 229,908 shares of the savings and loans company's stock after selling 52,572 shares during the period.
Investors Bancorp Inc (NASDAQ:ISBC) institutional sentiment increased to 1.02 in Q4 2016. Vanguard Group Inc. now owns 958,207 shares of the savings and loans company's stock valued at $15,513,000 after buying an additional 70,207 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in Clifton Bancorp by 16.5% in the first quarter. State Street Corp now owns 500,949 shares of the savings and loans company's stock worth $8,475,000 after buying an additional 25,250 shares during the period. 17 funds opened positions while 43 raised stakes. American International Group Inc. now owns 13,450 shares of the savings and loans company's stock worth $218,000 after buying an additional 859 shares in the last quarter.
Other large investors have also modified their holdings of the company. Clifton Bancorp has a 52-week low of $14.51 and a 52-week high of $17.49. The firm's 50-day moving average price is $13.28 and its 200 day moving average price is $13.88. White Pine Capital Llc sold 19,625 shares as Clifton Bancorp Inc (CSBK)'s stock declined 0.67%.
Investors Bancorp (NASDAQ:ISBC) last announced its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.01.
Among 8 analysts covering Investors Bancorp Inc (NASDAQ:ISBC), 5 have Buy rating, 2 Sell and 1 Hold. The business had revenue of $176.38 million during the quarter, compared to analysts' expectations of $179.25 million. During the same period in the prior year, the business posted $0.15 EPS. On average, analysts forecast that Investors Bancorp will post $0.62 EPS for the current year. Stockholders of record on Thursday, August 10th will be paid a $0.08 dividend. As per Wednesday, August 19, the company rating was maintained by Piper Jaffray. This represents a $0.24 dividend on an annualized basis and a yield of 1.44%. Investors Bancorp's payout ratio is 50.79%.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and worldwide copyright and trademark law. The correct version of this story can be accessed at https://stocknewstimes.com/2017/07/31/eidelman-virant-capital-continues-to-hold-stake-in-investors-bancorp-inc-isbc.html. The shares were sold at an average price of $13.67, for a total transaction of $546,800.00.
A number of other institutional investors have also recently bought and sold shares of CSBK. Deutsche Bank AG lowered their target price on shares of Investors Bancorp from $15.00 to $14.50 and set a "hold" rating on the stock in a research report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. They set an "overweight" rating and a $16.00 price objective for the company.
The ratio has increased, as 97 funds increased or started new stock positions, while 95 sold and reduced their equity positions in Investors Bancorp Inc. The stock was sold at an average price of $13.59, for a total transaction of $1,630,800.00. Following the completion of the transaction, the director now owns 169,663 shares of the company's stock, valued at $2,319,293.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. (NASDAQ:CSBK). Rhumbline Advisers invested in 0% or 30,088 shares. Following the sale, the vice president now owns 725,827 shares of the company's stock, valued at $9,863,988.93. Company insiders own 6.30% of the company's stock.
Meridian Bancorp Inc, formerly Meridian Interstate Bancorp, Inc, is a mid-tier stock holding company of East Boston Savings Bank (the Bank). Clifton Savings is a federally chartered savings bank. Texas Permanent School Fund reported 68,348 shares or 0.04% of all its holdings.
