Mount Yale Investment Advisors LLC lifted its holdings in Investors Bancorp Inc (NASDAQ:ISBC) by 63.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,189 shares of the savings and loans company’s stock after buying an additional 9,018 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Investors Bancorp were worth $297,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. First Republic Investment Management Inc. purchased a new stake in shares of Investors Bancorp in the first quarter valued at $149,000. Virtu Financial LLC purchased a new stake in shares of Investors Bancorp in the second quarter valued at $173,000. Stifel Financial Corp purchased a new stake in shares of Investors Bancorp in the first quarter valued at $192,000. Federated Investors Inc. PA lifted its position in shares of Investors Bancorp by 243.9% in the first quarter. Federated Investors Inc. PA now owns 15,094 shares of the savings and loans company’s stock valued at $206,000 after acquiring an additional 10,705 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Investors Bancorp in the second quarter valued at $196,000. Hedge funds and other institutional investors own 63.40% of the company’s stock.

In other Investors Bancorp news, Director Robert C. Albanese sold 5,000 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $12.29, for a total transaction of $61,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.51% of the company’s stock.

NASDAQ:ISBC traded down $0.22 on Friday, hitting $11.44. 2,708,496 shares of the stock were exchanged, compared to its average volume of 2,292,909. The firm has a market capitalization of $4.41 billion, a PE ratio of 18.45, a P/E/G ratio of 1.33 and a beta of 0.58. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.23 and a quick ratio of 1.23. Investors Bancorp Inc has a fifty-two week low of $11.14 and a fifty-two week high of $14.69.

Investors Bancorp (NASDAQ:ISBC) last announced its quarterly earnings results on Thursday, July 26th. The savings and loans company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company had revenue of $182.78 million during the quarter, compared to analyst estimates of $180.64 million. Investors Bancorp had a return on equity of 6.71% and a net margin of 16.21%. During the same period in the prior year, the firm posted $0.14 earnings per share. As a group, research analysts anticipate that Investors Bancorp Inc will post 0.77 earnings per share for the current year.

Several analysts have recently issued reports on ISBC shares. ValuEngine downgraded Investors Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research upgraded Investors Bancorp from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Wednesday, July 4th. BidaskClub lowered Investors Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 13th. Royal Bank of Canada reiterated a “buy” rating and issued a $14.00 target price on shares of Investors Bancorp in a research note on Friday, July 27th. Finally, Stephens reiterated a “buy” rating and issued a $15.00 target price on shares of Investors Bancorp in a research note on Thursday, August 16th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.79.

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

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