Piper Jaffray Upgrades Investors Bancorp to Overweight

Brokerage firm Piper Jaffray Upgrades its rating on Investors Bancorp(NASDAQ:ISBC). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by Piper Jaffray was issued on Aug 19, 2016.

Investors Bancorp (ISBC) made into the market gainers list on Mondays trading session with the shares advancing 0.42% or 0.05 points. Due to strong positive momentum, the stock ended at $12, which is also near the day’s high of $12.04. The stock began the session at $11.97 and the volume stood at 20,06,823 shares. The 52-week high of the shares is $13.13 and the 52 week low is $10.67. The company has a current market capitalization of $3,725 M and it has 31,03,97,360 shares in outstanding.

Investors Bancorp(ISBC) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $168.77M. Analysts had an estimated revenue of $159.03M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.14.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, Michele N Siekerka (director) sold 25,407 shares at $11.58 per share price.Also, On Mar 2, 2016, Brian D Dittenhafer (director) sold 128,674 shares at $11.61 per share price.On Feb 22, 2016, Dennis M Bone (director) purchased 5,000 shares at $11.45 per share price, according to the Form-4 filing with the securities and exchange commission.

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