Apr. 13, 2015, 1:07 PM
- "This is one of the best risk return investments I've seen," says Clifton Robbins at the 13D Monitor Active-Passive Investor Summit. His $3.7B Blue Harbour hedge fund is notable for being a friendly activist - trying to move along managements and boards through collaboration rather than confrontation.
- Investors Bancorp (ISBC +1.1%) is misunderstood, he contends, because of its relatively complicated structure as a mutual holding company and its large cash reserves.
- Robbins recommends using excess capital first for buybacks and boosted dividends, and then for acquisitions. The bank, he says, might also be an acquisition target.
- Blue Harbour today disclosed a 7.8% stake in the company.
Mar. 17, 2015, 10:24 AM| Mar. 17, 2015, 10:24 AM
May 8, 2014, 12:48 PM
Investors Bancorp, Inc. operates as a bank holding company for Investor Bank. The company is in the business of attracting deposits from the public through its branch network and borrowing funds in the wholesale markets to originate loans and to invest in securities. It originates one- to... More
Industry: Savings & Loans
Country: United States