Fj Capital Management Lowers stake in Investors Bancorp (ISBC)

Investors Bancorp (ISBC) : Fj Capital Management reduced its stake in Investors Bancorp by 0.03% during the most recent quarter end. The investment management company now holds a total of 6,010,000 shares of Investors Bancorp which is valued at $69.2 Million after selling 2,000 shares in Investors Bancorp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Investors Bancorp makes up approximately 13.42% of Fj Capital Management’s portfolio.

Other Hedge Funds, Including , Bluemountain Capital Management added ISBC to its portfolio by purchasing 55,030 company shares during the most recent quarter which is valued at $633,946. Investors Bancorp makes up approx 0.02% of Bluemountain Capital Management’s portfolio.Norges Bank boosted its stake in ISBC in the latest quarter, The investment management firm added 1,602,414 additional shares and now holds a total of 2,947,438 shares of Investors Bancorp which is valued at $34 Million. Investors Bancorp makes up approx 0.02% of Norges Bank’s portfolio.Dupont Capital Management Corp boosted its stake in ISBC in the latest quarter, The investment management firm added 33,254 additional shares and now holds a total of 80,707 shares of Investors Bancorp which is valued at $932,166. Investors Bancorp makes up approx 0.02% of Dupont Capital Management Corp’s portfolio.

Investors Bancorp opened for trading at $11.88 and hit $11.93 on the upside on Wednesday, eventually ending the session at $11.92, with a gain of 0.76% or 0.09 points. The heightened volatility saw the trading volume jump to 35,58,499 shares. Company has a market cap of $3,804 M.

On the company’s financial health, Investors Bancorp reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.13.Analysts expectations of $ 162.65.During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Investors Bancorp. Company shares were Upgraded by Compass Point on May 4, 2016 to ” Neutral”, Firm has raised the Price Target to $ 11.50 from a previous price target of $10.50 .

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