Looking into the technicals, Investors Bancorp, Inc. (NASDAQ:ISBC) has scored 80% Buy indication. The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the ISBC’s short-term trajectory should know that short terms indicators for the stock averaged 80% Buy with an average daily trading volume over the past 20 days at 2811010 shares. ISBC stock has overall a 1% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 3188542 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 2936908 shares, is 33% Buy on the basis of long term indicators.
The share price is currently staying around the first support level of $12.64. Below this, the next support is placed in the zone of $12.5. Till the time, the ISBC stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 71.44 on daily chart, which may remain a cause for concern. If the price breaks below $12.5 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $12.87 mark may result into a pull-back move towards $12.96 level.
Investors Bancorp, Inc. (ISBC) is projected to climb by 1.64 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $15 price as 12-month high target. This represents a whopping 17.28 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $13.5, which represents a return potential of 5.55 percent when compared to the closing price of the stock of $12.79 on Monday, February 11. The lowest price target for the stock is $12 — slightly more than -6.18 percent from ISBC’s current share price.
Here’s a rundown of insider trading activity for sense of Investors Bancorp, Inc. (NASDAQ:ISBC). The earliest insider trade took place on 01/02/2019. Albanese Robert C parted with a total of 5 thousand shares of company at average share price of $10.28. The total for the sales was set at $51.4 thousand. After this transaction, the Director account balance stood at 141.99 thousand shares. The stock grew 24.42 percent since that insider sale. On 10/01/2018, Albanese Robert C, Director, sold 5 thousand shares at a price per share of $12.29. This removed 61.45 thousand shares from the insider’s fortune and the stock saw a 4.07 percent rally in value since the news became public. This transaction left 146.99 thousand shares in the Director account. On 07/31/2018, Director Carlin Peter performed a purchase transaction worth $12.56 thousand. This purchase at $12.56 each has added 1 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 1.83 percent increase since the transaction was reported. The insider now is left with 1 thousand shares remaining in the account. Albanese Robert C, who performs the Director job, sold 5 thousand shares for $63.5 thousand. The disposal occurred on 07/02/2018 was priced at $12.7 per share. The share price soared 0.71 percent since the reporting date. Albanese Robert C now left with a stake of 151.99 thousand ISBC stock worth $1.94 million after the insider selling.
ISBC shares accumulated 0.19 points or 1.51 percent on Monday to $12.79 with a light trade volume of 2.391 million shares. After opening the session at $12.66, the shares went as high as $12.81 and as low as $12.58, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $3.67 billion and now has 287.18 million shares outstanding. Investors Bancorp, Inc. (ISBC) stock has gained 12.99 percent of market value in 21 trading days.
Analysts at Wells Fargo upped their rating on shares of Investors Bancorp, Inc. (NASDAQ:ISBC) from Market Perform to Outperform in their opinion released on February 01. Piper Jaffray analysts bumped their recommendation on ISBC stock from Neutral to Overweight in a separate flash note to investors on February 01. Analysts at Sandler O’Neill issued an upgrade from Hold to Buy for the stock, in a research note that dated back to April 05.
ISBC stock has a trailing 3-year beta of 0.9, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.71 a share in the trailing twelve months. The stock’s value has surged 22.98 percent year to date (YTD) against a decline of -1.99 percent in 12 month’s time. The company’s shares still trade -11.24 percent away from its 1-year high of $14.41 and 28.74 percent up from 52-week low of $9.94. The average consensus rating on the company is 2.4, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Investors Bancorp, Inc. (ISBC) are trading at a P/E ratio of 17.64 times earnings reported for the past 12 months. The industry ISBC operates in has an average P/E of 19.58. Its P/E ratio went as low as 14.52X and as high as 29.51 over the 5-year span. Further, it is sporting a 3.79 on the Price-to-Sales ratio. Compare this with the industry average P/S of 8.12. 0 percent is the gross profit margin for Investors Bancorp, Inc. and operating margin sits at 69.9 percent. Along with this, the net profit margin is 16.1 percent.