Mutual Of America Capital Management LLC Has Trimmed Its Investors Bancorp INC (ISBC) Position as Valuation Declined

March 16, 2018 - By Richard Conner

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.29, from 1.09 in 2017Q2. It dived, as 31 investors sold ISBC shares while 71 reduced holdings. 29 funds opened positions while 53 raised stakes. 232.20 million shares or 2.38% more from 226.80 million shares in 2017Q2 were reported. Quantbot Technologies Limited Partnership holds 0.02% or 18,829 shares. 30,200 are owned by Staley Advisers. Natl Bank Of Mellon Corporation invested 0.01% in Investors Bancorp, Inc. (NASDAQ:ISBC). Ejf Capital Limited Com reported 500,000 shares. Panagora Asset reported 15,452 shares. Voya Mngmt Limited Liability Corporation, a Georgia-based fund reported 1.84 million shares. New York-based Ny State Common Retirement Fund has invested 0% in Investors Bancorp, Inc. (NASDAQ:ISBC). Colony Grp Limited accumulated 160,227 shares. Citadel Ltd Liability Corp reported 0.03% stake. Moreover, Great West Life Assurance Can has 0% invested in Investors Bancorp, Inc. (NASDAQ:ISBC) for 35,308 shares. Rhumbline Advisers holds 0.01% or 349,072 shares. Cibc Asset Mgmt Inc holds 0% or 10,972 shares. Congress Asset Mgmt Company Ma reported 259,850 shares. Pacad Limited has invested 0.02% in Investors Bancorp, Inc. (NASDAQ:ISBC). Moreover, Us Bank De has 0% invested in Investors Bancorp, Inc. (NASDAQ:ISBC).

Mutual Of America Capital Management Llc decreased its stake in Investors Bancorp Inc. (ISBC) by 43.02% based on its latest 2017Q3 regulatory filing with the SEC. Mutual Of America Capital Management Llc sold 266,434 shares as the company’s stock declined 12.01% while stock markets rallied. The institutional investor held 352,842 shares of the finance company at the end of 2017Q3, valued at $4.81M, down from 619,276 at the end of the previous reported quarter. Mutual Of America Capital Management Llc who had been investing in Investors Bancorp Inc. for a number of months, seems to be less bullish one the $4.35 billion market cap company. The stock increased 0.42% or $0.06 during the last trading session, reaching $14.31. About 2.02M shares traded. Investors Bancorp, Inc. (NASDAQ:ISBC) has risen 13.02% since March 16, 2017 and is uptrending. It has underperformed by 3.68% the S&P500.

Mutual Of America Capital Management Llc, which manages about $13.10 billion and $6.10 billion US Long portfolio, upped its stake in Home Bancshares Inc. (NASDAQ:HOMB) by 133,140 shares to 239,394 shares, valued at $6.04M in 2017Q3, according to the filing. It also increased its holding in Ishares Core Msci Eafe Etf (IEFA) by 86,100 shares in the quarter, for a total of 374,019 shares, and has risen its stake in Pacira Pharmaceuticals Inc. (NASDAQ:PCRX).

Analysts await Investors Bancorp, Inc. (NASDAQ:ISBC) to report earnings on April, 26. They expect $0.18 earnings per share, up 12.50 % or $0.02 from last year’s $0.16 per share. ISBC’s profit will be $54.72M for 19.88 P/E if the $0.18 EPS becomes a reality. After $0.17 actual earnings per share reported by Investors Bancorp, Inc. for the previous quarter, Wall Street now forecasts 5.88 % EPS growth.

Another recent and important Investors Bancorp, Inc. (NASDAQ:ISBC) news was published by which published an article titled: “Community Investors Bancorp, Inc. Declares Quarterly Cash Dividend” on March 07, 2018.

Investors Bancorp, Inc. (NASDAQ:ISBC) Ratings Coverage

Among 11 analysts covering Investors Bancorp Inc (NASDAQ:ISBC), 3 have Buy rating, 2 Sell and 6 Hold. Therefore 27% are positive. Investors Bancorp Inc had 24 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Neutral” rating by PiperJaffray given on Wednesday, November 29. Piper Jaffray maintained Investors Bancorp, Inc. (NASDAQ:ISBC) rating on Thursday, October 26. Piper Jaffray has “Buy” rating and $15.0 target. The stock of Investors Bancorp, Inc. (NASDAQ:ISBC) has “Buy” rating given on Friday, July 28 by Stephens. As per Monday, January 29, the company rating was maintained by Piper Jaffray. As per Thursday, November 30, the company rating was downgraded by Sandler O’Neill. The rating was downgraded by Wells Fargo on Friday, October 30 to “Market Perform”. The firm has “Buy” rating given on Thursday, June 1 by Keefe Bruyette & Woods. The rating was maintained by Barclays Capital on Tuesday, January 30 with “Underweight”. The company was downgraded on Monday, October 30 by Wood. The stock has “Hold” rating by Sandler O’Neill on Friday, January 26.

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