Short Interest in IF Bancorp, Inc. (NASDAQ:IROQ) Decreases By 19.4%

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 target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 2,500 shares, a decrease of 19.4% from the July 31st total of 3,100 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On IF Bancorp

A hedge fund recently bought a new stake in IF Bancorp stock. Northern Trust Corp bought a new position in shares of IF Bancorp, Inc. (NASDAQ:IROQ - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,963 shares of the savings and loans company's stock, valued at approximately $294,000. Northern Trust Corp owned approximately 0.39% of IF Bancorp at the end of the most recent quarter. 44.11% of the stock is currently owned by hedge funds and other institutional investors.

IF Bancorp Price Performance

Shares of IROQ traded up $0.05 during trading hours on Friday, hitting $25.60. The stock had a trading volume of 6,342 shares, compared to its average volume of 1,475. The company's fifty day moving average is $24.99 and its two-hundred day moving average is $24.46. 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 52 week low of $18.36 and a 52 week high of $25.97. The stock has a market capitalization of $85.76 million, a price-to-earnings ratio of 19.10 and a beta of 0.36.

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

IF Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, September 26th will be given 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 is Friday, September 26th. IF Bancorp's dividend payout ratio is presently 29.85%.

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.