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

IF Bancorp, Inc. (NASDAQ:IROQ) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 8,700 shares, a growth of 14.5% from the January 15th total of 7,600 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 3.3 days. Approximately 0.6% of the shares of the stock are sold short.

IF Bancorp Price Performance

NASDAQ IROQ traded up $0.45 during trading on Monday, reaching $24.23. The company’s stock had a trading volume of 544 shares, compared to its average volume of 1,829. The stock has a market capitalization of $81.17 million, a PE ratio of 26.05 and a beta of 0.49. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a fifty day moving average of $23.57 and a 200 day moving average of $21.09. IF Bancorp has a one year low of $14.85 and a one year high of $25.00.

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

IF Bancorp Increases Dividend

The company also recently disclosed 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Friday, March 21st. IF Bancorp’s dividend payout ratio is presently 43.01%.

Hedge Funds Weigh In On IF Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of IROQ. LPL Financial LLC purchased a new stake in IF Bancorp during the 4th quarter valued at about $234,000. Northern Trust Corp purchased a new stake in IF Bancorp in the 4th quarter worth approximately $294,000. Dimensional Fund Advisors LP lifted its holdings in IF Bancorp by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 15,173 shares of the savings and loans company’s stock worth $349,000 after buying an additional 1,320 shares during the period. Geode Capital Management LLC lifted its holdings 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 worth $520,000 after buying an additional 1,036 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in IF Bancorp by 405.6% in the 4th quarter. Alliancebernstein L.P. now owns 62,204 shares of the savings and loans company’s stock worth $1,410,000 after buying an additional 49,902 shares during the period. 44.11% of the stock is currently owned by hedge funds and other institutional investors.

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.