Hoplite Capital Management adds Investors Bancorp (ISBC) to its portfolio

Investors Bancorp (ISBC) : Hoplite Capital Management added new position in Investors Bancorp during the most recent quarter end. The investment management firm now holds 6,998,657 shares of Investors Bancorp which is valued at $96,371,507 , the company said in a statement filed on Nov 14, 2016 with the SEC.Investors Bancorp makes up approximately 5.04% of Hoplite Capital Management’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management sold out all of its stake in ISBC during the most recent quarter. The investment firm sold 13,066 shares of ISBC which is valued $179,919.Brandes Investment Partners Lp boosted its stake in ISBC in the latest quarter, The investment management firm added 11,418 additional shares and now holds a total of 129,994 shares of Investors Bancorp which is valued at $1,728,920. Investors Bancorp makes up approx 0.03% of Brandes Investment Partners Lp’s portfolio.Teachers Advisors boosted its stake in ISBC in the latest quarter, The investment management firm added 1,345,409 additional shares and now holds a total of 4,162,308 shares of Investors Bancorp which is valued at $51,779,112. Investors Bancorp makes up approx 0.09% of Teachers Advisors’s portfolio. Financial Architects Inc added ISBC to its portfolio by purchasing 808 company shares during the most recent quarter which is valued at $9,906.California Public Employees Retirement System boosted its stake in ISBC in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 425,348 shares of Investors Bancorp which is valued at $5,125,443. Investors Bancorp makes up approx 0.01% of California Public Employees Retirement System’s portfolio.

Investors Bancorp opened for trading at $13.76 and hit $13.85 on the upside on Monday, eventually ending the session at $13.79, with a gain of 0.44% or 0.06 points. The heightened volatility saw the trading volume jump to 18,95,122 shares. Company has a market cap of $4,265 M.

On the company’s financial health, Investors Bancorp reported $0.15 EPS for the quarter, based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus estimate of $0.15. The company had revenue of $168.13 million for the quarter, compared to analysts expectations of $168.74 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Investors Bancorp. Investors Bancorp was Upgraded by Piper Jaffray to ” Overweight” on Aug 19, 2016.

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