Short Term Price Target on Investors Bancorp (ISBC)

Investors Bancorp (NASDAQ:ISBC) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $14 and the lowest price target forecast is $12. The average forecast of all the analysts is $12.8 and the expected standard deviation is $0.91.

Investors Bancorp Inc. has lost 6.66% in the last five trading days and dropped 7.67% in the last 4 weeks. Investors Bancorp Inc. has dropped 4.14% during the last 3-month period . Year-to-Date the stock performance stands at -9.99%.

Investors Bancorp (NASDAQ:ISBC) : 1 brokerage houses believe that Investors Bancorp (NASDAQ:ISBC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Investors Bancorp (NASDAQ:ISBC). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.57.

Investors Bancorp (NASDAQ:ISBC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.98 and $10.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.08, notching a gain of 1.09% for the day. The total traded volume was 2,719,578 . The stock had closed at $10.96 on the previous day.

In an insider trading activity,The director of Investors Bancorp, Inc., Siekerka Michele N sold 25,407 shares at $11.58 on May 18, 2016. The Insider selling transaction had a total value worth of $294,213. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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