Investors Bancorp, Inc. (NASDAQ:ISBC) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, ISBC is expected to report 3Q20 income of $ 0.21 per share from revenue of $ 182.80 million.
For the full year, analysts anticipate top line of $ 727.73 million, while looking forward to income of $ 0.76 per share bottom line.
Previous Quarter Performance
Investors Bancorp, Inc. announced income for the second quarter of $ 0.18 per share, from the revenue of $ 181.99 million. The quarterly revenues swell 10.44 percent compared with the same quarter last year. Street analysts expected Investors Bancorp, Inc. to report income of $ 0.17 per share on revenue of $ 178.19 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 5.88 percent, at the same time, top line results outshined analysts by $ 3.80 million or 2.13 percent.
Stock Performance
Shares of Investors Bancorp, Inc. traded low $ -0.13 or -1.54 percent on Tuesday, reaching $ 8.00 with volume of 1.60 million shares. Investors Bancorp, Inc. has traded high as $ 8.17 and has cracked $ 7.99 on the downward trend
According to the previous trading day, closing price of $ 8.00, representing a 28.84 % increase from the 52 week low of $ 6.31 and a 35.63 % decrease over the 52 week high of $ 12.63.
The company has a market capital of $ 2.00 billion and is part of the Financial Services sector and Savings & Cooperative Banks industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Overweight rating, with $ 9.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.12 per share on July 29, 2020. The dividend were payable on August 25, 2020 to holders of record as of the close of business on August 10, 2020 and ex-dividend date on August 7, 2020.
Investors Bancorp, Inc. operates as the bank holding company for Investors Bank that provides various banking products and services to individuals and businesses in the United States. Its deposit products include savings, checking, and money market accounts, as well as certificates of deposit accounts.