IF Bancorp, Inc. (NASDAQ:IROQ) Short Interest Update

IF Bancorp, Inc. (NASDAQ:IROQ) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 2,608 shares, a drop of 39.8% from the January 15th total of 4,335 shares. Based on an average daily volume of 16,533 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 16,533 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of IF Bancorp in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IROQ. JBF Capital Inc. acquired a new stake in shares of IF Bancorp during the fourth quarter worth about $324,000. Chicago Capital Management LLC purchased a new stake in shares of IF Bancorp during the 4th quarter valued at about $1,016,000. Alliancebernstein L.P. boosted its stake in shares of IF Bancorp by 35.2% during the 3rd quarter. Alliancebernstein L.P. now owns 116,571 shares of the savings and loans company’s stock valued at $3,016,000 after buying an additional 30,372 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in IF Bancorp by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 74,830 shares of the savings and loans company’s stock valued at $1,932,000 after purchasing an additional 1,000 shares during the period. 44.11% of the stock is currently owned by hedge funds and other institutional investors.

IF Bancorp Price Performance

Shares of IROQ stock traded down $0.30 on Friday, reaching $27.72. The company’s stock had a trading volume of 1,569 shares, compared to its average volume of 15,899. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. IF Bancorp has a 1 year low of $23.00 and a 1 year high of $29.00. The stock’s fifty day simple moving average is $26.98 and its 200-day simple moving average is $26.06. The company has a market capitalization of $92.86 million, a price-to-earnings ratio of 17.33 and a beta of 0.18.

IF Bancorp (NASDAQ:IROQ) last announced its quarterly earnings data on Friday, January 30th. The savings and loans company reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $7.33 million during the quarter. IF Bancorp had a net margin of 10.80% and a return on equity of 6.33%.

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. It provides loans comprising one- to four-family residential mortgage loans; multi-family mortgage loans; commercial real estate loans, such as farm loans; home equity lines of credit; commercial business loans; and consumer loans primarily comprising automobile loans, as well as construction loans and land development loans.