Investors Bancorp (ISBC) is Upgraded by Piper Jaffray to Overweight

Investors Bancorp (ISBC) was Upgraded by Piper Jaffray to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. Piper Jaffray advised their investors in a research report released on Aug 19, 2016.

On the company’s financial health, Investors Bancorp reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.14.Analysts expectations of $ 164.98.During the same quarter in the previous year, the company posted $0.14 EPS.

Investors Bancorp opened for trading at $11.29 and hit $11.54 on the upside on Wednesday, eventually ending the session at $11.52, with a gain of 2.04% or 0.23 points. The heightened volatility saw the trading volume jump to 53,42,314 shares. Company has a market cap of $3,576 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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