IF Bancorp, Inc. (NASDAQ:IROQ) Short Interest Down 19.4% in August

Key Points

• Short interest in IF Bancorp, Inc. decreased by 19.4% in August, bringing the total to 2,500 shares as of August 15th.
• The company reported earnings of $0.45 per share for the quarter ending August 29th, with revenues of $6.86 million.
• IF Bancorp announced a quarterly dividend of $0.20 per share, which will be paid on October 17th, representing an annualized yield of 3.2%.

IF Bancorp, Inc. (NASDAQ:IROQ - Get Free Report) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totaling 2,500 shares, adecreaseof19.4% from the July 31st total of 3,100 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 1.9 days. Approximately0.2% of the company's stock are short sold. Approximately0.2% of the company's stock are short sold. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 1.9 days.

IF Bancorp Price Performance

Shares of NASDAQ:IROQ opened at $25.05 on Tuesday. The company's 50-day moving average is $24.91 and its 200 day moving average is $24.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $83.90 million, a P/E ratio of 18.69 and a beta of 0.36. IF Bancorp has a fifty-two week low of $18.36 and a fifty-two week high of $25.97.

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 earnings per share for the quarter. The company had revenue of $6.86 million for the quarter. IF Bancorp had a net margin of 8.90% and a return on equity of 5.53%.

IF Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, September 26th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, September 26th. IF Bancorp's dividend payout ratio is 29.85%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in IF Bancorp stock. Northern Trust Corp acquired a new position in IF Bancorp, Inc. (NASDAQ:IROQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,963 shares of the savings and loans company's stock, valued at approximately $294,000. Northern Trust Corp owned about 0.39% of IF Bancorp at the end of the most recent quarter. Hedge funds and other institutional investors own 44.11% of the company's stock.

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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