Investors Bancorp, Inc. (NASDAQ:ISBC) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 3, 2016
Having a price of $11.85, Investors Bancorp, Inc. (NASDAQ:ISBC) traded -1.33% lower on the day. With the last close up 2.29% 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 $11.90 and a two hundred day average of $11.58. Volume of trade was down over the average, with 1,231,200 shares of ISBC changing hands under the typical 2,585,760
Zacks Investment Research has downgraded Investors Bancorp, Inc. (NASDAQ:ISBC) to Sell in a statement released on Monday October 03, 2016.
On 8/19/2016, Piper Jaffray Cos. released a statement on Investors Bancorp, Inc. (NASDAQ:ISBC) upped the target price from $0.00 to $13.00 that suggested an upside of 0.11%.
With a total market value of $0, Investors Bancorp, Inc. has 52 week low of $10.67 and a 52 week high of $13.13 with a PE ratio of 20.43 .
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $12.75 with 0 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On 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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