Barclays Reaffirms Their Hold Rating on Investors Bancorp (ISBC)

By Jason Carr

In a report released yesterday, Matthew Keating from Barclays maintained a Hold rating on Investors Bancorp (ISBCResearch Report), with a price target of $14. The company’s shares opened today at $11.28.

According to TipRanks.com, Keating is a 4-star analyst with an average return of 4.1% and a 53.0% success rate. Keating covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Union Bankshares Corporation, and Dime Community Bancshares.

Currently, the analyst consensus on Investors Bancorp is a Moderate Buy with an average price target of $12.60.

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Based on Investors Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $54.22 million. In comparison, last year the company had a GAAP net loss of $4.75 million.

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Investors Bancorp, Inc. is a bank holding company for Investor Bank, which engages in the provison of banking services. Its services include complete deposit products, online banking, home equity loans and lines of credit, and a full array of mortgage loans.