Stockchase Opinions

Kash Pashootan Investors Bancorp Inc. ISBC-Q PAST TOP PICK Apr 24, 2019

(A Top Pick May 17/18, Down 9%) A regional bank that he still likes. It is conservatively run and selectively open new locations in the New Jersey area. He will continue to hold it.
$12.270

Stock price when the opinion was issued

Financial Services
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TOP PICK

Regional bank in a top region – New York and New Jersey. Their assets grew by 85% since 2012. Nonperforming loans are about 0.4 vs. the peer group at 0.7. (Analysts’ target: $14.75).

DON'T BUY

This is a mid-cap company. You have to be careful as a deposit franchise like this are under pressure as competition is increasing on margins in deposits. He thinks credit provisions may soon tighten for deposit holders and this could be the nail in the coffin. He would wait until it trades above $14 to become interested.