Investors Bancorp Inc. [ISBC] is -30.84% lower this YTD. Is it still time to buy?

Investors Bancorp Inc. [NASDAQ: ISBC] gained 2.36% or 0.19 points to close at $8.24 with a heavy trading volume of 3353067 shares. The company report on July 29, 2020 that Investors Bancorp, Inc. Announces Second Quarter Financial Results and Cash Dividend.

Investors Bancorp, Inc. (NASDAQ: ISBC) (“Company”), the holding company for Investors Bank (“Bank”), reported net income of $42.6 million , or $0.18 per diluted share, for the three months ended June 30, 2020 as compared to $39.5 million , or $0.17 per diluted share, for the three months ended March 31, 2020 and $46.6 million , or $0.18 per diluted share, for the three months ended June 30, 2019.

For the six months ended June 30, 2020, net income totaled $82.1 million , or $0.35 per diluted share, compared to $94.8 million , or $0.36 per diluted share, for the six months ended June 30, 2019.

It opened the trading session at $7.91, the shares rose to $8.28 and dropped to $7.85, the range by which the price of stock traded the whole day. The daily chart for ISBC points out that the company has recorded -31.73% loss over the past six months. However, it is still -30.59% lower than its most recent low trading price.

If we look at the average trading volume of 1.71M shares, ISBC reached to a volume of 3353067 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Investors Bancorp Inc. [ISBC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ISBC shares is $10.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ISBC stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Compass Point have made an estimate for Investors Bancorp Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 30, 2020. The new note on the price target was released on October 29, 2019, representing the official price target for Investors Bancorp Inc. stock. Previously, the target price had yet another raise to $15, while RBC Capital Mkts analysts kept a Outperform rating on ISBC stock.

The Average True Range (ATR) for Investors Bancorp Inc. is set at 0.32, with the Price to Sales ratio for ISBC stock in the period of the last 12 months amounting to 1.96. The Price to Book ratio for the last quarter was 0.74, with the Price to Cash per share for the same quarter was set at 3.99. Price to Free Cash Flow for ISBC in the course of the last twelve months was 61.34.

Trading performance analysis for ISBC stock

Investors Bancorp Inc. [ISBC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.48. With this latest performance, ISBC shares gained by 4.97% in over the last four-week period, additionally sinking by -31.73% over the last 6 months – not to mention a drop of -25.77% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ISBC stock in for the last two-week period is set at 47.69, with the RSI for the last a single of trading hit 50.48, and the three-weeks RSI is set at 49.13 for Investors Bancorp Inc. [ISBC]. The present Moving Average for the last 50 days of trading for this stock 8.42, while it was recorded at 8.08 for the last single week of trading, and 10.00 for the last 200 days.

Investors Bancorp Inc. [ISBC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Investors Bancorp Inc. [ISBC] shares currently have an operating margin of +26.22. Investors Bancorp Inc.’s Net Margin is presently recorded at +17.87.

Return on Total Capital for ISBC is now 3.36, given the latest momentum, and Return on Invested Capital for the company is 2.77. Return on Equity for this stock inclined to 6.95, with Return on Assets sitting at 0.74. When it comes to the capital structure of this company, Investors Bancorp Inc. [ISBC] has a Total Debt to Total Equity ratio set at 229.33. Additionally, ISBC Total Debt to Total Capital is recorded at 69.64, with Total Debt to Total Assets ending up at 22.48. Long-Term Debt to Equity for the company is recorded at 169.83, with the Long-Term Debt to Total Capital now at 51.57.

Reflecting on the efficiency of the workforce at the company, Investors Bancorp Inc. [ISBC] managed to generate an average of $112,671 per employee.

Investors Bancorp Inc. [ISBC]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Investors Bancorp Inc. posted 0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ISBC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Investors Bancorp Inc. go to 10.38%.

An analysis of insider ownership at Investors Bancorp Inc. [ISBC]

There are presently around $1,485 million, or 74.10% of ISBC stock, in the hands of institutional investors. The top three institutional holders of ISBC stocks are: FULLER & THALER ASSET MANAGEMENT, INC. with ownership of 21,802,402, which is approximately 0.412% of the company’s market cap and around 1.70% of the total institutional ownership; VANGUARD GROUP INC, holding 21,160,936 shares of the stock with an approximate value of $174.37 million in ISBC stocks shares; and BLACKROCK INC., currently with $149.05 million in ISBC stock with ownership of nearly -1.768% of the company’s market capitalization.

Positions in Investors Bancorp Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 102 institutional holders increased their position in Investors Bancorp Inc. [NASDAQ:ISBC] by around 18,301,197 shares. Additionally, 137 investors decreased positions by around 19,358,508 shares, while 37 investors held positions by with 142,556,286 shares. The mentioned changes placed institutional holdings at 180,215,991 shares, according to the latest SEC report filing. ISBC stock had 28 new institutional investments in for a total of 6,907,224 shares, while 51 institutional investors sold positions of 4,516,137 shares during the same period.

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