ISBC - Watch for Continued Gains in Shares of Investors Bancorp Inc. (ISBC)
Shares of Investors Bancorp Inc. (NASDAQ:ISBC) traded at a new 52-week high today of $15.75. So far today approximately 595,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.
Over the past year, Investors Bancorp Inc. has traded in a range of $7.51 to $15.75 and is now at $15.75, 110% above that low.
Based on a current price of $15.75, Investors Bancorp Inc. is currently 25.4% above its average consensus analyst price target of $11.75.
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.
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