Short Interest in IF Bancorp, Inc. (NASDAQ:IROQ) Decreases By 9.1%

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 3,000 shares, a decrease of 9.1% from the August 15th total of 3,300 shares. Based on an average daily volume of 4,800 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On IF Bancorp

Large investors have recently modified their holdings of the stock. Stilwell Value LLC raised its stake in IF Bancorp by 62.9% during the first quarter. Stilwell Value LLC now owns 48,695 shares of the savings and loans company’s stock valued at $757,000 after buying an additional 18,798 shares in the last quarter. Geode Capital Management LLC raised its position in shares of IF Bancorp by 18.1% during the 2nd quarter. Geode Capital Management LLC now owns 24,565 shares of the savings and loans company’s stock valued at $355,000 after acquiring an additional 3,771 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of IF Bancorp by 1,925.4% during the 2nd quarter. BlackRock Inc. now owns 17,297 shares of the savings and loans company’s stock valued at $250,000 after acquiring an additional 16,443 shares in the last quarter. Institutional investors own 23.76% of the company’s stock.

IF Bancorp Price Performance

IROQ stock opened at $15.51 on Tuesday. The stock’s 50 day moving average is $15.22 and its two-hundred day moving average is $15.17. IF Bancorp has a 52-week low of $13.75 and a 52-week high of $20.39. The company has a market capitalization of $51.96 million, a PE ratio of 10.70 and a beta of 0.54. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27.

IF Bancorp Announces Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 22nd will be paid a $0.20 dividend. The ex-dividend date is Thursday, September 21st. This represents a dividend yield of 2.6%. IF Bancorp’s dividend payout ratio (DPR) is presently 27.59%.

About IF Bancorp

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 services 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.