Fuller Thaler Asset Management buys $187.5 Million stake in Investors Bancorp (ISBC)

Investors Bancorp (ISBC) : Fuller Thaler Asset Management scooped up 1,151,745 additional shares in Investors Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 16,274,739 shares of Investors Bancorp which is valued at $187.5 Million.Investors Bancorp makes up approximately 3.70% of Fuller Thaler Asset Management’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities boosted its stake in ISBC in the latest quarter, The investment management firm added 7,233 additional shares and now holds a total of 34,787 shares of Investors Bancorp which is valued at $400,746.Pitcairn Co boosted its stake in ISBC in the latest quarter, The investment management firm added 2,175 additional shares and now holds a total of 32,049 shares of Investors Bancorp which is valued at $370,166. Investors Bancorp makes up approx 0.05% of Pitcairn Co’s portfolio. Emerald Mutual Fund Advisers Trust sold out all of its stake in ISBC during the most recent quarter. The investment firm sold 67,294 shares of ISBC which is valued $777,246.Commonwealth Equity Services Inc reduced its stake in ISBC by selling 124 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 38,740 shares of ISBC which is valued at $447,447.

Investors Bancorp opened for trading at $11.62 and hit $11.735 on the upside on Friday, eventually ending the session at $11.71, with a gain of 0.95% or 0.11 points. The heightened volatility saw the trading volume jump to 16,93,534 shares. Company has a market cap of $3,786,850 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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