NumerixS Investment Technologies Inc lifted its holdings in shares of Investors Bancorp Inc (NASDAQ:ISBC) by 323.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,400 shares of the savings and loans company’s stock after acquiring an additional 21,700 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Investors Bancorp were worth $340,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in Investors Bancorp by 1.9% during the 4th quarter. BlackRock Inc. now owns 18,774,930 shares of the savings and loans company’s stock valued at $195,262,000 after purchasing an additional 345,637 shares during the period. Dimensional Fund Advisors LP raised its stake in Investors Bancorp by 12.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,575,152 shares of the savings and loans company’s stock valued at $99,581,000 after purchasing an additional 1,082,081 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Investors Bancorp by 157.6% in the first quarter. JPMorgan Chase & Co. now owns 4,713,564 shares of the savings and loans company’s stock worth $55,856,000 after acquiring an additional 2,883,477 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Investors Bancorp by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 3,030,028 shares of the savings and loans company’s stock worth $31,511,000 after acquiring an additional 106,555 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Investors Bancorp in the fourth quarter worth $28,230,000. 74.00% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on ISBC shares. Zacks Investment Research downgraded shares of Investors Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine upgraded shares of Investors Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, BidaskClub cut shares of Investors Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Investors Bancorp currently has a consensus rating of “Hold” and an average price target of $13.61.
Investors Bancorp (NASDAQ:ISBC) last posted its quarterly earnings data on Wednesday, April 24th. The savings and loans company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). Investors Bancorp had a return on equity of 7.30% and a net margin of 19.18%. The firm had revenue of $173.87 million for the quarter, compared to analyst estimates of $181.65 million. During the same period in the previous year, the business posted $0.20 EPS. Analysts anticipate that Investors Bancorp Inc will post 0.74 EPS for the current fiscal year.
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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