IF Bancorp, Inc. (NASDAQ:IROQ) Short Interest Down 7.1% in March

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,600 shares, a drop of 7.1% from the March 15th total of 2,800 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is currently 1.6 days. Approximately 0.1% of the shares of the stock are sold short.

IF Bancorp Trading Up 1.1 %

Shares of IROQ stock opened at $16.50 on Wednesday. The stock’s fifty day moving average price is $16.66 and its two-hundred day moving average price is $15.65. The company has a market cap of $55.28 million, a PE ratio of 27.50 and a beta of 0.51. IF Bancorp has a fifty-two week low of $13.75 and a fifty-two week high of $18.51. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.91 and a current ratio of 0.91.

IF Bancorp (NASDAQ:IROQ) last issued its earnings results on Tuesday, January 30th. The savings and loans company reported $0.06 earnings per share for the quarter. The firm had revenue of $5.30 million for the quarter. IF Bancorp had a return on equity of 2.71% and a net margin of 4.79%.

IF Bancorp Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 22nd were issued a dividend of $0.20 per share. This represents a dividend yield of 2.4%. The ex-dividend date was Thursday, March 21st. IF Bancorp’s dividend payout ratio (DPR) is 66.67%.

Institutional Investors Weigh In On IF Bancorp

Several hedge funds have recently modified their holdings of IROQ. BlackRock Inc. boosted its holdings in shares of IF Bancorp by 1,925.4% during the 2nd quarter. BlackRock Inc. now owns 17,297 shares of the savings and loans company’s stock valued at $250,000 after acquiring an additional 16,443 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of IF Bancorp by 18.1% during the 2nd quarter. Geode Capital Management LLC now owns 24,565 shares of the savings and loans company’s stock valued at $355,000 after acquiring an additional 3,771 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of IF Bancorp by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 39,173 shares of the savings and loans company’s stock valued at $628,000 after acquiring an additional 1,962 shares in the last quarter. Stilwell Value LLC boosted its holdings in shares of IF Bancorp by 62.9% during the 1st quarter. Stilwell Value LLC now owns 48,695 shares of the savings and loans company’s stock valued at $757,000 after acquiring an additional 18,798 shares in the last quarter. Finally, Gendell Jeffrey L boosted its holdings in shares of IF Bancorp by 6.1% during the 3rd quarter. Gendell Jeffrey L now owns 252,163 shares of the savings and loans company’s stock valued at $3,755,000 after acquiring an additional 14,454 shares in the last quarter. 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.