IF Bancorp, Inc. (NASDAQ:IROQ) Sees Large Decline in Short Interest

Key Points

• IF Bancorp, Inc. experienced a 33.3% decline in short interest, dropping from 3,900 to 2,600 shares as of September 30th, leading to a days-to-cover ratio of 1.9 days.
• The company announced a quarterly dividend of $0.20, with a dividend yield of 3.2% and a payout ratio of 29.85%.
• IF Bancorp's stock is currently valued at $25.31, down 2.2% from previous levels, with a market cap of $84.79 million.

IF Bancorp, Inc. (NASDAQ:IROQ - Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,600 shares, a drop of 33.3% from the September 15th total of 3,900 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.1% of the shares of the company are sold short.

IF Bancorp Stock Down 2.2%

NASDAQ IROQ opened at $25.31 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a 50-day simple moving average of $25.51 and a 200 day simple moving average of $24.76. IF Bancorp has a twelve month low of $19.85 and a twelve month high of $26.21. The stock has a market cap of $84.79 million, a PE ratio of 18.89 and a beta of 0.35.

IF Bancorp (NASDAQ:IROQ - Get Free Report) last released its earnings results on Friday, August 29th. The savings and loans company reported $0.45 earnings per share for the quarter. IF Bancorp had a net margin of 8.90% and a return on equity of 5.46%. The business had revenue of $6.86 million during the quarter.

IF Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, September 26th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, September 26th. IF Bancorp's dividend payout ratio (DPR) is presently 29.85%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of IF Bancorp in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, IF Bancorp has an average rating of "Hold".

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.

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