Investors Bancorp (ISBC) Releases Earnings Results, Beats Expectations By $0.01 EPS

Investors Bancorp (ISBC) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.14. Analysts expectations of $164.98 million. During the same quarter in the previous year, the company posted $0.14 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 .

Investors Bancorp opened for trading at $11.31 and hit $11.42 on the upside on Thursday, eventually ending the session at $11.41, with a gain of 0.35% or 0.04 points. The heightened volatility saw the trading volume jump to 23,69,724 shares. Company has a market cap of $3,641 M.

In a different news, on May 19, 2016, Michele N Siekerka (director) sold 25,407 shares at $11.58 per share price. According to the SEC, on Mar 2, 2016, Brian D Dittenhafer (director) sold 128,674 shares at $11.61 per share price. On Feb 22, 2016, Dennis M Bone (director) purchased 5,000 shares at $11.45 per share price, according to the Form-4 filing with the securities and exchange commission.

Investors Bancorp

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