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

IF Bancorp, Inc. (NASDAQ:IROQ) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,800 shares, an increase of 55.6% from the April 30th total of 1,800 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,900 shares, the short-interest ratio is currently 1.5 days.

IF Bancorp Trading Up 0.2%

IROQ traded up $0.04 during mid-day trading on Friday, hitting $24.31. 252 shares of the stock were exchanged, compared to its average volume of 2,757. The firm’s fifty day moving average is $24.00 and its two-hundred day moving average is $23.63. IF Bancorp has a 1-year low of $14.85 and a 1-year high of $25.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.30. The company has a market cap of $81.49 million, a PE ratio of 26.14 and a beta of 0.32.

IF Bancorp (NASDAQ:IROQ) last announced its quarterly earnings data on Tuesday, April 29th. The savings and loans company reported $0.31 earnings per share (EPS) for the quarter. The business 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%.

Institutional Investors Weigh In On IF Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Stilwell Value LLC raised its position in shares of IF Bancorp by 11.1% during the 4th quarter. Stilwell Value LLC now owns 291,150 shares of the savings and loans company’s stock worth $6,784,000 after acquiring an additional 29,101 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of IF Bancorp by 405.6% during the 4th quarter. Alliancebernstein L.P. now owns 62,204 shares of the savings and loans company’s stock worth $1,410,000 after acquiring an additional 49,902 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of IF Bancorp by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 15,173 shares of the savings and loans company’s stock worth $349,000 after acquiring an additional 1,320 shares in the last quarter. Finally, Northern Trust Corp acquired a new stake in shares of IF Bancorp during the 4th quarter worth about $294,000. Institutional investors and hedge funds own 44.11% of the company’s stock.

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.