Investors Bancorp (NASDAQ:ISBC) shares traded -0.32% down during most recent session to reach at the closing price of $12.6. The stock exchanged hands 1.95 Million shares versus average trading capacity of 2.98 Million shares, yielding a market cap of $3.62 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $13 within the next 52-weeks. The mean target projections are based on 10 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Investors Bancorp (NASDAQ:ISBC) high price target of $15 and with a conservative view have low price target of $11.5.
Wells Fargo “Upgrades” Investors Bancorp (NASDAQ:ISBC) in a research note issued to investors on 2/01/19 to Outperform with price target of $15.
Additionally on 2/01/19 PiperJaffray “Upgrades” Investors Bancorp (NASDAQ:ISBC) to Overweight setting price target at $13.5 and on 5/04/18 Barclays “Upgrades” the stock to Equal-Weight. Furthermore on 1/30/18 Barclays “Maintained” the stock to Underweight at $14.
On the other hand the company has Relative Strength Index (RSI 14) of 68.43 along with Average True Range (ATR 14) of 0.27, Consequently Investors Bancorp (NASDAQ:ISBC)’s weekly and monthly volatility is 1.84%, 2.01% respectively. The company’s beta value is at 0.9.
In terms of Buy, Sell or Hold recommendations, Investors Bancorp (NASDAQ:ISBC) has analysts’ mean recommendation of 2.4. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Investors Bancorp (NASDAQ:ISBC)’s minimum EPS for the current quarter is at $0.19 and can go high up to $0.22. The consensus mean EPS for the current quarter is at $0.2 derived from a total of 9 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.2 earnings per share for the same quarter during last year.
Previously Investors Bancorp (NASDAQ:ISBC) reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The company posted an earnings surprise of 22.2%.
Investors Bancorp (NASDAQ:ISBC)’s revenue estimates for the current quarter are $167.68 Million according to 8 number of analysts, for the current quarter the company has high revenue estimates of $184.44 Million in contradiction of low revenue estimates of $162.3 Million. For the current year the company’s revenue estimates are $677.73 Million compared to low analyst estimates of $651.2 Million and high estimates of $745.29 Million according to 10 number of analysts.
Currently Investors Bancorp (NASDAQ:ISBC)’s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 77.1%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.79%.
Investors Bancorp (NASDAQ:ISBC)’s trailing twelve month revenues are $968.4 Million, whereas its price to sales ratio for the same period is 3.74. Its book value per share for the most recent quarter is $10.81 while its price to book ratio for the same period is 1.17, as for as the company’s cash per share for the most recent quarter is $1.58, however its price to cash per share ratio for the same period is 7.99. The stock has 5 year expected PEG ratio of 1.7 whereas its trailing twelve month P/E ratio is 17.65.