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

Key Points

• Short interest in IF Bancorp, Inc. rose significantly by 77.3% in September, reaching a total of 3,900 shares.
• The company recently declared a quarterly dividend of $0.20 per share, which represents an annualized dividend yield of 3.1%.
• IF Bancorp has an average stock rating of "Hold" from analysts, according to the latest assessments.

IF Bancorp, Inc. (NASDAQ:IROQ - Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,900 shares, a growth of 77.3% from the August 31st total of 2,200 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 3.0 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 3.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c)" rating on shares of IF Bancorp in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold".

IF Bancorp Stock Performance

Shares of IROQ traded up $0.03 during trading hours on Friday, reaching $25.78. 468 shares of the company's stock traded hands, compared to its average volume of 1,934. The firm has a market capitalization of $86.36 million, a price-to-earnings ratio of 19.24 and a beta of 0.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. IF Bancorp has a twelve month low of $19.52 and a twelve month high of $26.21. The business's fifty day simple moving average is $25.35 and its two-hundred day simple moving average is $24.63.

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

IF Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, September 26th. IF Bancorp's dividend payout ratio (DPR) is 29.85%.

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.

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