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

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 8,700 shares, an increase of 14.5% from the January 15th total of 7,600 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is currently 3.3 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Stilwell Value LLC boosted its stake in 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 purchasing an additional 29,101 shares during the period. Alliancebernstein L.P. boosted its stake in 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 purchasing an additional 49,902 shares during the period. Geode Capital Management LLC boosted its stake 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 purchasing an additional 1,036 shares during the period. Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 1,320 shares during the period. Finally, Northern Trust Corp purchased a new position in IF Bancorp during the 4th quarter worth $294,000. Institutional investors and hedge funds own 44.11% of the company’s stock.

IF Bancorp Stock Up 1.9 %

IROQ traded up $0.45 during trading hours on Monday, hitting $24.23. 544 shares of the company’s stock were exchanged, compared to its average volume of 1,829. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.06. IF Bancorp has a 12-month low of $14.85 and a 12-month high of $25.00. The firm has a market cap of $81.17 million, a P/E ratio of 26.05 and a beta of 0.49. The firm has a 50 day moving average of $23.59 and a 200 day moving average of $21.14.

IF Bancorp (NASDAQ:IROQ) last posted its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.38 EPS for the quarter. IF Bancorp had a net margin of 6.18% and a return on equity of 3.99%.

IF Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 21st will be issued a $0.20 dividend. This is a boost from IF Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, March 21st. This represents a $0.80 annualized dividend and a dividend yield of 3.30%. 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.