Investors Reaches New 52-Week High (ISBC)

NEW YORK ( TheStreet) -- Investors Bancorp (Nasdaq: ISBC) hit a new 52-week high Thursday as it is currently trading at $15.10, above its previous 52-week high of $15.09 with 154,681 shares traded as of 2:05 p.m. ET. Average volume has been 158,000 shares over the past 30 days.

Investors has a market cap of $1.64 billion and is part of the financial sector and banking industry. Shares are up 10.8% 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 the United States. The company accepts deposits and originates loans. The company has a P/E ratio of 20.2, below the average banking industry P/E ratio of 21.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Investors as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Investors Ratings Report.

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