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

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

Hedge Funds Weigh In On IF Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IROQ. Alliancebernstein L.P. raised its stake 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 acquiring an additional 49,902 shares in the last quarter. LPL Financial LLC acquired a new stake in IF Bancorp in the 4th quarter valued at about $234,000. Geode Capital Management LLC raised its position in IF Bancorp by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 22,619 shares of the savings and loans company's stock valued at $520,000 after purchasing an additional 1,036 shares in the last quarter. Stilwell Value LLC boosted its stake in shares of IF Bancorp by 11.1% in the 4th quarter. Stilwell Value LLC now owns 291,150 shares of the savings and loans company's stock valued at $6,784,000 after buying an additional 29,101 shares during the period. Finally, Northern Trust Corp purchased a new stake in shares of IF Bancorp during the fourth quarter worth approximately $294,000. Hedge funds and other institutional investors own 44.11% of the company's stock.

IF Bancorp Trading Up 2.0 %

Shares of NASDAQ IROQ traded up $0.48 during trading on Friday, reaching $24.29. The stock had a trading volume of 2,313 shares, compared to its average volume of 2,844. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $81.40 million, a P/E ratio of 26.11 and a beta of 0.28. IF Bancorp has a fifty-two week low of $14.85 and a fifty-two week high of $25.76. The business's 50-day moving average price is $23.97 and its 200-day moving average price is $23.22.

IF Bancorp (NASDAQ:IROQ - Get Free Report) last released its 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 during the quarter. IF Bancorp had a return on equity of 3.97% and a net margin of 6.18%.

IF Bancorp Increases Dividend

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

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.