Analysts Offer Insights on Financial Companies: Investors Bancorp (NASDAQ: ISBC) and Macerich (NYSE: MAC)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Investors Bancorp (NASDAQ: ISBC) and Macerich (NYSE: MAC).

Investors Bancorp (NASDAQ: ISBC)

In a report released today, Matthew Keating from Barclays upgraded Investors Bancorp (NASDAQ: ISBC) to Hold. The company’s shares closed yesterday at $13.33.

According to TipRanks.com, Keating is a 4-star analyst with an average return of 6.5% and a 61.0% success rate. Keating covers the Financial sector, focusing on stocks such as TCF Financial Corporation, Commerce Bancshares Inc, and First Financial Bancorp.

Investors Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $15.50.

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Macerich (NYSE: MAC)

In a report released today, Floris van Dijkum from Boenning & Scattergood maintained a Buy rating on Macerich (NYSE: MAC), with a price target of $75. The company’s shares closed yesterday at $58.10.

van Dijkum said:

“We expect further asset dispositions of non-core malls later this year as the company readies itself for a potential sale, in the eyes of investors. CFO Tom O’Hern will become CEO at year-end when Art Coppola retires, but most investors believe a bid could emerge before year-end. Clearly, investors will watch the upcoming proxy closely to see the likely board nominations from activists. In addition, MAC’s partner at ‘A++’ rated Broadway Plaza in Walnut Creek, CA apparently received bids below 4.2% on forward NOI, not far off the 3.75% cap rate at which we value this mall. We have tweaked our NAV estimate to $84.30 per share. We remain Outperform-rated on MAC as the company’s quality portfolio trades at a 31% discount to NAV.”

According to TipRanks.com, Dijkum is a 3-star analyst with an average return of 2.4% and a 55.8% success rate. Dijkum covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Retail Properties of America Inc, and General Growth Properties Inc.

Currently, the analyst consensus on Macerich is Moderate Buy and the average price target is $64, representing a 10.2% upside.

In a report issued on April 20, BMO Capital also upgraded the stock to Buy with a $66 price target.

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