Stilwell Value LLC Purchases 29,101 Shares of IF Bancorp, Inc. (NASDAQ:IROQ)

Stilwell Value LLC raised its stake in shares of IF Bancorp, Inc. (NASDAQ:IROQ - Free Report) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,150 shares of the savings and loans company's stock after acquiring an additional 29,101 shares during the quarter. IF Bancorp makes up about 5.2% of Stilwell Value LLC's portfolio, making the stock its 4th biggest position. Stilwell Value LLC owned approximately 8.69% of IF Bancorp worth $6,784,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC acquired a new stake in shares of IF Bancorp during the fourth quarter worth about $234,000. Dimensional Fund Advisors LP lifted its stake in IF Bancorp by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 15,173 shares of the savings and loans company's stock valued at $349,000 after acquiring an additional 1,320 shares during the period. Geode Capital Management LLC lifted its stake in IF Bancorp by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 22,619 shares of the savings and loans company's stock valued at $520,000 after acquiring an additional 1,036 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of IF Bancorp by 405.6% in the 4th quarter. Alliancebernstein L.P. now owns 62,204 shares of the savings and loans company's stock valued at $1,410,000 after acquiring an additional 49,902 shares during the last quarter. 44.11% of the stock is currently owned by hedge funds and other institutional investors.

IF Bancorp Stock Performance

IROQ traded up $0.59 during midday trading on Friday, hitting $24.30. 407 shares of the company were exchanged, compared to its average volume of 2,832. The company's 50 day simple moving average is $23.96 and its 200 day simple moving average is $23.05. The firm has a market capitalization of $81.45 million, a price-to-earnings ratio of 26.13 and a beta of 0.28. IF Bancorp, Inc. has a 1-year low of $14.85 and a 1-year high of $25.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.30.

IF Bancorp (NASDAQ:IROQ - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.38 EPS for the quarter. IF Bancorp had a net margin of 6.18% and a return on equity of 3.97%.

IF Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 21st were issued a dividend of $0.20 per share. This is a positive change from IF Bancorp's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.29%. IF Bancorp's dividend payout ratio is presently 43.01%.

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.