Short Interest in IF Bancorp, Inc. (NASDAQ:IROQ) Decreases By 7.1%

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 2,600 shares, a decline of 7.1% from the March 15th total of 2,800 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.1% of the company’s stock are sold short.

IF Bancorp Price Performance

Shares of NASDAQ IROQ opened at $16.28 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $54.54 million, a price-to-earnings ratio of 27.13 and a beta of 0.51. The stock’s 50-day moving average is $16.64 and its two-hundred day moving average is $15.66. IF Bancorp has a 1-year low of $13.75 and a 1-year high of $18.51.

IF Bancorp (NASDAQ:IROQ) last announced its quarterly earnings data on Tuesday, January 30th. The savings and loans company reported $0.06 EPS for the quarter. The business had revenue of $5.30 million during the quarter. IF Bancorp had a return on equity of 2.71% and a net margin of 4.79%.

IF Bancorp Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 22nd were given a $0.20 dividend. This represents a dividend yield of 2.4%. The ex-dividend date was Thursday, March 21st. IF Bancorp’s dividend payout ratio is presently 66.67%.

Institutional Investors Weigh In On IF Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of IROQ. Stilwell Value LLC increased its holdings in IF Bancorp by 62.9% in 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 during 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 worth $355,000 after acquiring an additional 3,771 shares in the last quarter. BlackRock Inc. lifted its stake in IF Bancorp by 1,925.4% during the second quarter. BlackRock Inc. now owns 17,297 shares of the savings and loans company’s stock worth $250,000 after purchasing an additional 16,443 shares during the last quarter. Gendell Jeffrey L boosted its holdings in IF Bancorp by 6.1% in the third quarter. Gendell Jeffrey L now owns 252,163 shares of the savings and loans company’s stock valued at $3,755,000 after purchasing an additional 14,454 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in IF Bancorp by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 39,173 shares of the savings and loans company’s stock valued at $628,000 after purchasing an additional 1,962 shares during the last quarter. 44.11% of the stock is currently owned by institutional investors and hedge funds.

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 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.