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ISBC - Investors Bancorp: Positive Earnings Outlook Appears Priced In
Investors Bancorp Inc.
Economic recovery and technology adoption will likely push loan growth this year.
The provision expense will likely decline because of high reserves. However, risks remain because a material part of the loan portfolio is still under payment deferral.
The year-end target price suggests a small downside from the current market price. The downside counters a decent dividend yield.