Nordea Investment Management AB Has $10.49 Million Position in Investors Bancorp Inc (NASDAQ:ISBC)

Nordea Investment Management AB trimmed its stake in shares of Investors Bancorp Inc (NASDAQ:ISBC) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 885,100 shares of the savings and loans company’s stock after selling 3,400 shares during the period. Nordea Investment Management AB owned about 0.32% of Investors Bancorp worth $10,488,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Toronto Dominion Bank grew its position in Investors Bancorp by 18,776.7% in the fourth quarter. Toronto Dominion Bank now owns 5,663 shares of the savings and loans company’s stock valued at $59,000 after purchasing an additional 5,633 shares in the last quarter. Dean Capital Investments Management LLC bought a new position in Investors Bancorp in the fourth quarter valued at $112,000. Fort Sheridan Advisors LLC bought a new position in Investors Bancorp in the first quarter valued at $130,000. Ffcm LLC grew its position in Investors Bancorp by 1,771.4% in the fourth quarter. Ffcm LLC now owns 12,576 shares of the savings and loans company’s stock valued at $131,000 after purchasing an additional 11,904 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in Investors Bancorp in the fourth quarter valued at $131,000. Institutional investors and hedge funds own 74.00% of the company’s stock.

Shares of NASDAQ ISBC traded up $0.11 during mid-day trading on Friday, reaching $11.24. 1,866,856 shares of the company were exchanged, compared to its average volume of 1,664,811. The firm’s 50-day moving average is $10.84. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.24 and a quick ratio of 1.23. The company has a market capitalization of $3.13 billion, a PE ratio of 13.88, a P/E/G ratio of 1.25 and a beta of 0.94. Investors Bancorp Inc has a twelve month low of $9.94 and a twelve month high of $13.12.

Investors Bancorp (NASDAQ:ISBC) last posted its earnings results on Wednesday, April 24th. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Investors Bancorp had a return on equity of 7.30% and a net margin of 19.18%. The company had revenue of $173.87 million for the quarter, compared to analyst estimates of $181.65 million. During the same quarter in the prior year, the business posted $0.20 EPS. As a group, analysts expect that Investors Bancorp Inc will post 0.74 earnings per share for the current fiscal year.

A number of research firms recently weighed in on ISBC. BidaskClub raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 3rd. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, ValuEngine downgraded shares of Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.61.

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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