Earnings and Growth Analysis : Investors Bancorp (NASDAQ:ISBC)

Earnings results for Investors Bancorp (NASDAQ:ISBC)

Investors Bancorp, Inc. is expected* to report earnings on 04/28/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.29. The reported EPS for the same quarter last year was $0.17.

Investors Bancorp last announced its quarterly earnings results on January 26th, 2021. The savings and loans company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $234.59 million for the quarter, compared to the consensus estimate of $212.88 million. Investors Bancorp has generated $0.77 earnings per share over the last year and currently has a price-to-earnings ratio of 18.9. Investors Bancorp has confirmed that its next quarterly earnings report will be published on Wednesday, April 28th, 2021.

Analyst Opinion on Investors Bancorp (NASDAQ:ISBC)

4 Wall Street analysts have issued ratings and price targets for Investors Bancorp in the last 12 months. Their average twelve-month price target is $13.38, predicting that the stock has a possible downside of 12.70%. The high price target for ISBC is $18.00 and the low price target for ISBC is $9.00. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Investors Bancorp has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $13.38, Investors Bancorp has a forecasted downside of 12.7% from its current price of $15.32. Investors Bancorp has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Investors Bancorp (NASDAQ:ISBC)

Investors Bancorp pays a meaningful dividend of 3.66%, higher than the bottom 25% of all stocks that pay dividends. Investors Bancorp has only been increasing its dividend for 1 years. The dividend payout ratio of Investors Bancorp is 72.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Investors Bancorp will have a dividend payout ratio of 51.38% next year. This indicates that Investors Bancorp will be able to sustain or increase its dividend.

Insiders buying/selling: Investors Bancorp (NASDAQ:ISBC)

In the past three months, Investors Bancorp insiders have not sold or bought any company stock. Only 3.49% of the stock of Investors Bancorp is held by insiders. 72.45% of the stock of Investors Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Investors Bancorp (NASDAQ:ISBC

Earnings for Investors Bancorp are expected to grow by 25.29% in the coming year, from $0.87 to $1.09 per share. The P/E ratio of Investors Bancorp is 18.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.36. The P/E ratio of Investors Bancorp is 18.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.12. Investors Bancorp has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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