Investors Bancorp, Inc. (NASDAQ:ISBC) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 13, 2016
Zacks Investment Research has downgraded Investors Bancorp, Inc. (NASDAQ:ISBC) to Sell in a statement released on 10/13/2016.
Having a price of $11.78, Investors Bancorp, Inc. (NASDAQ:ISBC) traded -1.42% lower on the day. With the last close up 1.46% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Investors Bancorp, Inc. has recorded a 50-day average of $11.97 and a two hundred day average of $11.61. Volume of trade was up over the average, with 6,012,968 shares of ISBC changing hands over the typical 2,526,730
With a total market value of $0, Investors Bancorp, Inc. has price-earnings ratio of 20.31 with a one year low of $10.67 and a one year high of $13.13 .
A total of 6 analysts have released a report on Investors Bancorp, Inc.. zero analysts rating the company a strong buy, four analysts rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $12.75.
More About Investors Bancorp, Inc. (NASDAQ:ISBC)
Investors Bancorp, Inc. operates as the holding company for Investors Bank that provides community banking products and services to individuals and businesses in the United States. It offers deposit products, such as savings, checking, and money market accounts, as well as certificates of deposit. The companyÂ’s loan portfolio includes multi-family, commercial real estate, construction, commercial and industrial, residential mortgage, and consumer and other loans; consumer loans primarily comprising home equity loans, home equity lines of credit, and others; and mortgage loans secured by one-to four-family residential real estate. As of December 31, 2015, the company operated 140 offices located in New Jersey and New York. The company was founded in 1926 and is headquartered in Short Hills, New Jersey.
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