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

IF Bancorp, Inc. (NASDAQ:IROQ - Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 2,200 shares, a decline of 46.3% from the March 31st total of 4,100 shares. Currently, 0.1% of the company's shares are sold short. Based on an average trading volume of 2,000 shares, the short-interest ratio is presently 1.1 days.

IF Bancorp Trading Up 2.0 %

Shares of IROQ stock traded up $0.48 during trading hours on Friday, reaching $24.29. The company had a trading volume of 2,313 shares, compared to its average volume of 2,824. IF Bancorp has a 1-year low of $14.85 and a 1-year high of $25.76. The company has a 50 day moving average of $23.97 and a 200 day moving average of $23.16. 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 firm has a market cap of $81.40 million, a price-to-earnings ratio of 26.11 and a beta of 0.28.

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

IF Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 21st were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.80 dividend on an annualized basis and a yield of 3.29%. This is a positive change from IF Bancorp's previous quarterly dividend of $0.05. IF Bancorp's payout ratio is presently 43.01%.

Institutional Investors Weigh In On IF Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC acquired a new stake in shares of IF Bancorp in the 4th quarter valued at about $234,000. Northern Trust Corp acquired a new stake in IF Bancorp in the 4th quarter valued at approximately $294,000. Dimensional Fund Advisors LP lifted its stake in IF Bancorp by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 15,173 shares of the savings and loans company's stock valued at $349,000 after acquiring an additional 1,320 shares in the last quarter. Geode Capital Management LLC boosted its position in IF Bancorp by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 22,619 shares of the savings and loans company's stock worth $520,000 after acquiring an additional 1,036 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of IF Bancorp by 405.6% in the fourth quarter. Alliancebernstein L.P. now owns 62,204 shares of the savings and loans company's stock valued at $1,410,000 after purchasing an additional 49,902 shares during the last quarter. 44.11% of the stock is owned by institutional investors.

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.