Investors Bancorp, Inc. (NASDAQ:ISBC) was in 9 hedge funds’ portfolio at the end of the first quarter of 2013. ISBC investors should pay attention to an increase in support from the world’s most elite money managers recently. There were 7 hedge funds in our database with ISBC holdings at the end of the previous quarter.
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Equally as key, positive insider trading activity is a second way to break down the investments you’re interested in. Obviously, there are many stimuli for a corporate insider to downsize shares of his or her company, but only one, very clear reason why they would behave bullishly. Various empirical studies have demonstrated the valuable potential of this method if you know where to look (learn more here).
Now, it’s important to take a peek at the recent action regarding Investors Bancorp, Inc. (NASDAQ:ISBC).
What have hedge funds been doing with Investors Bancorp, Inc. (NASDAQ:ISBC)?
In preparation for this quarter, a total of 9 of the hedge funds we track were bullish in this stock, a change of 29% from the first quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were boosting their holdings considerably.
As one would reasonably expect, specific money managers have jumped into Investors Bancorp, Inc. (NASDAQ:ISBC) headfirst. Highbridge Capital Management, managed by Glenn Russell Dubin, established the biggest position in Investors Bancorp, Inc. (NASDAQ:ISBC). Highbridge Capital Management had 0.3 million invested in the company at the end of the quarter. Matthew Tewksbury’s Stevens Capital Management also made a $0.2 million investment in the stock during the quarter.
Insider trading activity in Investors Bancorp, Inc. (NASDAQ:ISBC)
Insider purchases made by high-level executives is particularly usable when the company in focus has experienced transactions within the past half-year. Over the latest six-month time period, Investors Bancorp, Inc. (NASDAQ:ISBC) has experienced 1 unique insiders purchasing, and 1 insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Investors Bancorp, Inc. (NASDAQ:ISBC). These stocks are Northwest Bancshares, Inc. (NASDAQ:NWBI), Sterling Financial Corporation (NASDAQ:STSA), First Niagara Financial Group Inc. (NASDAQ:FNFG), Capitol Federal Financial, Inc. (NASDAQ:CFFN), and Washington Federal Inc. (NASDAQ:WAFD). This group of stocks are the members of the savings & loans industry and their market caps are similar to ISBC’s market cap.
