Investors Bancorp (ISBC) is Upgraded by Compass Point to Neutral, Raises Price Target to $ 11.50

Investors Bancorp (ISBC) was Upgraded by Compass Point to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 11.50 from a previous price target of $10.50 . Earlier the firm had a rating of “Sell ” on the company shares. Compass Point advised their investors in a research report released on May 4, 2016.

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.

Investors Bancorp opened for trading at $11.62 and hit $11.64 on the upside on Monday, eventually ending the session at $11.58, with a gain of 0.26% or 0.03 points. The heightened volatility saw the trading volume jump to 28,12,513 shares. Company has a market cap of $3,798 M.

In a different news, on Mar 2, 2016, Brian D Dittenhafer (director) sold 128,674 shares at $11.61 per share price. According to the SEC, on Feb 22, 2016, Dennis M Bone (director) purchased 5,000 shares at $11.45 per share price. On Feb 12, 2016, Michele N Siekerka (director) purchased 2,347 shares at $10.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Investors Bancorp

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