The stock of Investors Bancorp, Inc. (NASDAQ:ISBC) hit a new 52-week high and has $16.70 target or 23.00% above today’s $13.58 share price. The 5 months bullish chart indicates low risk for the $4.11 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $16.70 price target is reached, the company will be worth $945.30 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.46M shares traded hands or 14.42% up from the average. Investors Bancorp, Inc. (NASDAQ:ISBC) has risen 17.49% since April 11, 2016 and is uptrending. It has outperformed by 11.35% the S&P500.
Investors Bancorp, Inc. (NASDAQ:ISBC) Ratings Coverage
Out of 4 analysts covering Investors Bancorp Inc (NASDAQ:ISBC), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. Investors Bancorp Inc has been the topic of 6 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Investors Bancorp, Inc. (NASDAQ:ISBC) earned “Overweight” rating by Piper Jaffray on Friday, August 19. On Friday, January 29 the stock rating was downgraded by Compass Point to “Sell”. The firm has “Market Perform” rating by Wells Fargo given on Friday, October 30. The rating was downgraded by Compass Point on Friday, October 30 to “Neutral”.
According to Zacks Investment Research, “Investors Bancorp, Inc. operates as the holding company for Investors Savings Bank, which provides a range of banking services in the United States. The company generates deposits and originates loans. The company operates from its corporate headquarters in Short Hills, New Jersey, and fifty-three branch offices located in Essex, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Somerset, Union and Warren Counties, New Jersey. The Bank is engaged in the business of attracting deposits from the public through its branch network and borrowing funds in the wholesale markets to originate loans and to invest in securities. It originates mortgage loans secured by one-to four-family residential real estate and consumer loans, the majority of which are home equity loans and home equity lines of credit.”
Insitutional Activity: The institutional sentiment decreased to 0.73 in 2016 Q2. Its down 0.12, from 0.85 in 2016Q1. The ratio turned negative, as 19 funds sold all Investors Bancorp, Inc. shares owned while 97 reduced positions. 31 funds bought stakes while 54 increased positions. They now own 235.36 million shares or 4.12% less from 245.48 million shares in 2016Q1.
Cantab Capital Prns Llp last reported 0% of its portfolio in the stock. Parallax Volatility Advisers Limited Partnership accumulated 0% or 2,384 shares. Perritt Management reported 12,600 shares or 0.04% of all its holdings. Guggenheim Lc last reported 42,824 shares in the company. Quantbot Technology Ltd Partnership last reported 0.07% of its portfolio in the stock. Schwab Charles Mngmt has 1.62 million shares for 0.02% of their US portfolio. Citigroup accumulated 381,154 shares or 0% of the stock. Nomura Asset Management reported 5,500 shares or 0% of all its holdings. Lmr Partners Llp last reported 0.05% of its portfolio in the stock. The Massachusetts-based Ngam Advsrs Lp has invested 0.06% in Investors Bancorp, Inc. (NASDAQ:ISBC). Blackrock Inv Mngmt Lc owns 1.23M shares or 0.02% of their US portfolio. State Street Corporation last reported 11.60 million shares in the company. Kennedy Capital Management Inc, a Missouri-based fund reported 1.64M shares. Empyrean Capital Prtnrs L P accumulated 2% or 4.00M shares. Eidelman Virant Capital holds 0.08% or 11,000 shares in its portfolio.
More important recent Investors Bancorp, Inc. (NASDAQ:ISBC) news were published by: Prnewswire.com which released: “Investors Bancorp, Inc. Releases 2016 Annual Dodd-Frank Act Company-Run Stress …” on October 25, 2016, also Prnewswire.com published article titled: “Investors Bancorp, Inc. Announces Third Quarter Financial Results and Cash …”, Nasdaq.com published: “Investors Bancorp Reaches Analyst Target Price” on November 10, 2016. More interesting news about Investors Bancorp, Inc. (NASDAQ:ISBC) was released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Investors Bancorp, WSFS Financial and BB&T” with publication date: November 04, 2016.
ISBC Company Profile
Investors Bancorp, Inc. is the holding firm for Investors Bank. The Bank is a savings bank. The Bank is in the business of attracting deposits from the public through its branch network and borrowing funds in the wholesale markets to originate loans and to invest in securities.
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