ISBC - Investors Bancorp Inc.: 52-Week High Recently Eclipsed (ISBC)
Shares of Investors Bancorp Inc. (NASDAQ:ISBC) traded today at $16.50, eclipsing its 52-week high. This new high was reached on below average trading volume as 595,000 shares traded hands, while the average 30-day volume is approximately 2.2 million shares.
In the past 52 weeks, Investors Bancorp Inc. share prices are bracketed by a low of $10.39 and a high of $16.50 and is now at $16.49, 59% above that low price.
Investors Bancorp Inc is the holding company for Investor Bank, a savings bank operating primarily in the greater New Jersey and New York metropolitan areas. The bank obtains funds through both deposits and the wholesale market to originate loans and invest in securities. Loans originated include commercial real estate loans, commercial and industrial loans, residential mortgage loans, construction loans, and consumer loans. The bank has traditionally grown through acquisitions and internal growth, including de novo branching. The vast majority of its loan portfolio is in commercial loans. The vast majority of its net revenue is in net interest income.
Investors Bancorp Inc. (NASDAQ:ISBC) defies analysts with a current price ($16.49) 25.3% above its average consensus price target of $12.31.
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