Investors Bancorp, Inc. (NASDAQ:ISBC)
A holding company for Investors Savings Bank, which attracts deposits from the public and originates mortgage loans secured by one- to four-family residential real estate and consumer loans.
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Thought I would pick a bank that has some growth potential. I wanted to put in 10 stocks and this was the 10th. I know, not very practical, but what the heck, I just starting out.
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Most of their increase in earnings came from a increase in net interest margins. Unemployment has stayed high despite the stimulus efforts. Because of the economic conditions and weakness in the real estate market, most of the increases in loans have been for residential and consumer segment. They are trying to acquire Millenium bcp Bank and this should help improve their earnings. This will bring in $575 million in deposits and 17 new branch offices.
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some possible overvalued banks for my watchlist
ffin,indb,prsp,isbc,chfc
stock held up well & has room to fall, assets growth doesn't seem that conservative during boom years, and price/book over 1
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Foolish TMFE.
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Below $6
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In anticipation of the eventual rebound of the financial sector. A little early for bottom feeding, but I am just indiscriminately putting all stocks that are tagged S&L.
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Looks expensive. P/E at 61, PEG at 8.65. Add to this the housing market pressure, I expect this to lag behind the S&P500.
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Well managed bank
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