NEW YORK ( TheStreet) -- Investors Bancorp (Nasdaq: ISBC) hit a new 52-week high Tuesday as it traded at $14.53 compared with its previous 52-Week high of $14.50. Investors is changing hands at $14.51 with 57,832 shares traded as of 12:05 p.m. ET. Average volume has been 227,100 shares over the past 30 days. Investors has a market cap of $1.6 billion and is part of the financial sector and banking industry. Shares are up 7.4% year to date as of the close of trading on Monday. Investors Bancorp, Inc. operates as the holding company for Investors Savings Bank that provides a range of banking services in New Jersey. The company accepts deposits and originates loans. The company has a P/E ratio of 25.3, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.5. TheStreet Ratings rates Investors as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full Investors Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
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