Today Investors Bancorp (ISBC) Hits New Lifetime High
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Investors Bancorp as such a stock due to the following factors:
- ISBC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $23.4 million.
- ISBC has traded 74,437 shares today.
- ISBC is trading at a new lifetime high.
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More details on ISBC:
Investors Bancorp, Inc. operates as the bank holding company for Investors Bank that provides various banking products and services for businesses and individuals in the United States. The stock currently has a dividend yield of 1.7%. ISBC has a PE ratio of 30.5. Currently there are 6 analysts that rate Investors Bancorp a buy, no analysts rate it a sell, and 3 rate it a hold.
The average volume for Investors Bancorp has been 2.4 million shares per day over the past 30 days. Investors has a market cap of $4.1 billion and is part of the financial sector and banking industry. The stock has a beta of 0.85 and a short float of 6.3% with 3.87 days to cover. Shares are up 2.4% year-to-date as of the close of trading on Friday.
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Analysis:
rates Investors Bancorp as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 2.3%. Since the same quarter one year prior, revenues rose by 17.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The gross profit margin for INVESTORS BANCORP INC is currently very high, coming in at 76.56%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 23.80% significantly outperformed against the industry average.
- Net operating cash flow has significantly increased by 304.81% to $37.11 million when compared to the same quarter last year. In addition, INVESTORS BANCORP INC has also modestly surpassed the industry average cash flow growth rate of 296.61%.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 56.6% when compared to the same quarter one year prior, rising from $27.51 million to $43.08 million.
- Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.
- You can view the full Investors Bancorp Ratings Report.
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