Wells Fargo (NYSE:WFC) analyst Jared Shaw maintained a Hold rating on Investors Bancorp (NASDAQ:ISBC) on Thursday, setting a price target of $16, which is approximately 2.83% above the present share price of $15.56.
Shaw expects Investors Bancorp to post earnings per share (EPS) of $0.34 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Investors Bancorp, with an average price target of $16.6.
The analysts price targets range from a high of $18 to a low of $14.5.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $207.78 million and a net profit of $0. The company's market cap is $3.85 billion.
According to TipRanks.com, Wells Fargo analyst Jared Shaw is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.6% and a 59.66% success rate.
Investors Bancorp, Inc. is a bank holding company for Investor Bank, which engages in the provision of banking services. Its services include complete deposit products, online banking, home equity loans and lines of credit, and a full array of mortgage loans. It also gives deposit accounts, cash management services, business loans and lines of credit, and commercial real estate financing solutions. The company was founded in December 2013 and is headquartered in Short Hills, NJ.