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

IF Bancorp, Inc. (NASDAQ:IROQ - Get Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,800 shares, a growth of 55.6% from the April 30th total of 1,800 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.2% of the company's stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IROQ. LPL Financial LLC acquired a new position in IF Bancorp during the fourth quarter worth $234,000. Alliancebernstein L.P. boosted its holdings in IF Bancorp by 405.6% during the fourth quarter. Alliancebernstein L.P. now owns 62,204 shares of the savings and loans company's stock worth $1,410,000 after purchasing an additional 49,902 shares during the last quarter. Geode Capital Management LLC boosted its holdings in IF Bancorp by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 22,619 shares of the savings and loans company's stock worth $520,000 after purchasing an additional 1,036 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in IF Bancorp by 9.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,173 shares of the savings and loans company's stock worth $349,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Stilwell Value LLC boosted its holdings in IF Bancorp by 11.1% during the fourth quarter. Stilwell Value LLC now owns 291,150 shares of the savings and loans company's stock worth $6,784,000 after purchasing an additional 29,101 shares during the last quarter. Institutional investors and hedge funds own 44.11% of the company's stock.

IF Bancorp Stock Up 1.3%

Shares of IF Bancorp stock traded up $0.32 on Tuesday, hitting $24.63. The company had a trading volume of 6,684 shares, compared to its average volume of 2,786. The firm has a market capitalization of $82.54 million, a P/E ratio of 26.48 and a beta of 0.32. IF Bancorp has a twelve month low of $14.85 and a twelve month high of $25.76. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50-day moving average of $24.01 and a 200-day moving average of $23.68.

IF Bancorp (NASDAQ:IROQ - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The savings and loans company reported $0.31 earnings per share for the quarter. IF Bancorp had a net margin of 6.18% and a return on equity of 3.97%. The company had revenue of $6.40 million during the quarter.

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.