NEW YORK ( TheStreet) -- Investors Bancorp (Nasdaq: ISBC) hit a new 52-week high Thursday as it traded at $14.82 compared with its previous 52-Week high of $14.80. Investors is changing hands at $14.82 with 54,122 shares traded as of 1:41 p.m. ET. Average volume has been 258,800 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 11.1% year to date as of the close of trading on Wednesday.

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 25.9, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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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.

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