Short Interest in IF Bancorp, Inc. (NASDAQ:IROQ) Declines By 11.3%

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 4,700 shares, a decline of 11.3% from the May 31st total of 5,300 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is currently 3.9 days.

Hedge Funds Weigh In On IF Bancorp

An institutional investor recently raised its position in IF Bancorp stock. Stilwell Value LLC boosted its holdings in IF Bancorp, Inc. (NASDAQ:IROQ) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,297 shares of the savings and loans company’s stock after purchasing an additional 17,561 shares during the period. IF Bancorp comprises about 2.9% of Stilwell Value LLC’s portfolio, making the stock its 7th largest holding. Stilwell Value LLC owned 7.13% of IF Bancorp worth $3,836,000 at the end of the most recent quarter. Institutional investors own 44.11% of the company’s stock.

IF Bancorp Trading Down 2.2 %

IF Bancorp stock traded down $0.36 during mid-day trading on Wednesday, hitting $16.34. 2,568 shares of the company’s stock were exchanged, compared to its average volume of 1,792. The company’s 50 day simple moving average is $16.64 and its 200-day simple moving average is $16.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $54.74 million, a P/E ratio of 26.79 and a beta of 0.51. IF Bancorp has a fifty-two week low of $14.00 and a fifty-two week high of $18.51.

IF Bancorp (NASDAQ:IROQ) last posted its quarterly earnings data on Tuesday, April 30th. The savings and loans company reported $0.22 EPS for the quarter. IF Bancorp had a net margin of 4.52% and a return on equity of 2.75%. The business had revenue of $5.40 million for the quarter.

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.