Brokerage Firm Rating Update on Investors Bancorp (ISBC)

Investors Bancorp (ISBC) : 1 brokerage houses believe that Investors Bancorp (ISBC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Investors Bancorp (ISBC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.57.

Investors Bancorp (ISBC) : The highest short term price target forecast on Investors Bancorp (ISBC) is $13 and the lowest target price is $12. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $12.55 with a standard deviation of $0.67.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Piper Jaffray upgrades its outlook on Investors Bancorp (NASDAQ:ISBC). The current rating of the shares is Overweight, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on August 19, 2016.

Investors Bancorp (NASDAQ:ISBC): The stock opened at $11.9 and touched an intraday high of $12.03 on Wednesday. During the day, the stock corrected to an intraday low of $11.9, however, the bulls stepped in and pushed the price higher to close in the green at $12 with a gain of 0.33% for the day. The total traded volume for the day was 2,286,176. The stock had closed at $11.96 in the previous trading session.

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