Notable Stock to Watch: Investors Bancorp (NASDAQ: ISBC)

Investors Bancorp (NASDAQ: ISBC) identified change of 10.92% away from 52-week low price and recently located move of -16.01% off 52-week high price. It has market worth of $3085.16M and dividend yield of 3.99%. ISBC stock has been recorded 1.10% away from 50 day moving average and -4.91% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.08% off 20-day moving average.

On July 24, 2019, Investors Bancorp (NASDAQ: ISBC) the holding company for Investors Bank (Bank), reported net income of $46.6 million, or  $0.18 per diluted share, for the three months ended June 30, 2019 as compared to $48.2 million, or $0.18 per diluted share, for the three months ended March 31, 2019 and $57.1 million, or $0.20 per diluted share, for the three months ended June 30, 2018.

For the six months ended June 30, 2019, net income totaled $94.8 million, or $0.36 per diluted share, compared to $115.0 million, or $0.40 per diluted share, for the six months ended June 30, 2018.

Included in net income for the three and six months ended June 30, 2019 is a previously disclosed loss related to the reclassification and sale of securities, which resulted in a $4.1 million after-tax loss, or $0.01 per share.

The Company also announced that its Board of Directors declared a cash dividend of $0.11 per share to be paid on August 23, 2019 for stockholders of record as of August 9, 2019.

Kevin Cummings, Chairman and CEO, commented, During the second quarter, improved credit quality and prudent expense control helped offset the negative impact of a flat yield curve.  We continue to focus on what we can control to deliver results and are encouraged by the prospect of possible rate cuts by the Federal Reserve.

Mr. Cummings also commented, We continue to make investments in our digital and technology platforms which will enhance sales practices and improve efficiencies in our business.  Making these digital investments will help keep us competitive in our markets.

The Financial sector company, Investors Bancorp noticed change of -3.59% to $11.02 along volume of 7011946 shares in recent session compared to an average volume of 2049.83K. The stock observed return of -1.78% in 5 days trading activity.The stock was at 1.38% over one month performance. ISBC’s shares are at -6.21% for the quarter and driving a -13.43% return over the course of the past year and is now at 5.96% since this point in 2018.

The average volatility for the week at 2.23% and for month was at 1.88%. There are 279.96M shares outstanding and 256.5M shares are floated in market.Right now the stock beta is 0.92.

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