Short Interest in IF Bancorp Inc (NASDAQ:IROQ) Drops By 88.9%

IF Bancorp Inc (NASDAQ:IROQ) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 500 shares, a decrease of 88.9% from the July 31st total of 4,500 shares. Based on an average daily trading volume, of 3,600 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Separately, ValuEngine cut shares of IF Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 8th.

An institutional investor recently bought a new position in IF Bancorp stock. Context BH Capital Management LP purchased a new stake in IF Bancorp Inc (NASDAQ:IROQ) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,068 shares of the savings and loans company’s stock, valued at approximately $211,000. Context BH Capital Management LP owned about 0.28% of IF Bancorp at the end of the most recent reporting period. Institutional investors own 28.27% of the company’s stock.

Shares of IF Bancorp stock traded down $0.25 during trading hours on Friday, hitting $21.75. The company had a trading volume of 300 shares, compared to its average volume of 3,025. The company’s 50-day moving average is $21.54 and its two-hundred day moving average is $20.79. IF Bancorp has a twelve month low of $18.70 and a twelve month high of $24.95. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $78.41 million, a P/E ratio of 21.20 and a beta of 0.39.

IF Bancorp (NASDAQ:IROQ) last issued its earnings results on Thursday, August 29th. The savings and loans company reported $0.30 earnings per share (EPS) for the quarter. IF Bancorp had a net margin of 11.52% and a return on equity of 4.45%. The business had revenue of $5.55 million during the quarter.

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, September 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 20th.

IF Bancorp Company Profile

IF Bancorp, Inc operates as the savings and loan holding company for Iroquois Federal Savings and Loan Association that provides a range of banking and financial solutions to individual and corporate clients. The company offers various deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and personal checking accounts, individual retirement accounts, and health savings accounts.

See Also: Balanced Fund

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