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News Breaks | | | | August 19, 2012 | | 19:31 EDT |  | ISBC | Investors Bancorp could rally 25% in next year or so, Barron's says
Investors Bancorp (ISBC) has assets of $11.5B and a market value of $1.8B. Investors is a hybrid -- dual-owned -- part mutually held and part publicly traded. By the end of the year, management will likely announce an offering for the rest of its equity. Barron's reports. A second-step deal would dissolve the mutual holding company, providing the bank with plenty of excess capital and unlocking significant value for shareholders. When that happens, the shares could rise 25% or more. Investors shares looks significantly undervalued, trading at just 94% of fully converted tangible book value. Reference Link | |
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News For ISBC From The Last 14 Days Check below for free stories on ISBC the last two weeks. |
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