M3f buys $3,696,000 stake in Investors Bancorp (ISBC)

Investors Bancorp (ISBC) : M3f scooped up 200,000 additional shares in Investors Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 330,000 shares of Investors Bancorp which is valued at $3,696,000.Investors Bancorp makes up approximately 3.13% of M3f’s portfolio.

Other Hedge Funds, Including , Global X Management Co reduced its stake in ISBC by selling 66,122 shares or 31.59% in the most recent quarter. The Hedge Fund company now holds 143,179 shares of ISBC which is valued at $1,603,605. Investors Bancorp makes up approx 0.08% of Global X Management Co’s portfolio.Princeton Alpha Management Lp reduced its stake in ISBC by selling 102,549 shares or 83.17% in the most recent quarter. The Hedge Fund company now holds 20,757 shares of ISBC which is valued at $235,592. Investors Bancorp makes up approx 0.04% of Princeton Alpha Management Lp’s portfolio.Jennison Associates reduced its stake in ISBC by selling 52,644 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 1,769,835 shares of ISBC which is valued at $19,857,549. Investors Bancorp makes up approx 0.02% of Jennison Associates’s portfolio.California State Teachers Retirement System reduced its stake in ISBC by selling 71,869 shares or 10.31% in the most recent quarter. The Hedge Fund company now holds 625,013 shares of ISBC which is valued at $7,012,646. Investors Bancorp makes up approx 0.01% of California State Teachers Retirement System’s portfolio.

Investors Bancorp opened for trading at $11.29 and hit $11.54 on the upside on Wednesday, eventually ending the session at $11.52, with a gain of 2.04% or 0.23 points. The heightened volatility saw the trading volume jump to 53,42,314 shares. Company has a market cap of $3,576 M.

On the company’s financial health, Investors Bancorp reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.14.Analysts expectations of $ 164.98.During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Investors Bancorp. Investors Bancorp was Upgraded by Piper Jaffray to ” Overweight” on Aug 19, 2016.

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