Short Interest in IF Bancorp, Inc. (NASDAQ:IROQ) Decreases By 7.1%

IF Bancorp, Inc. (NASDAQ:IROQ) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,600 shares, a decline of 7.1% from the March 15th total of 2,800 shares. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.1% of the shares of the stock are sold short.

IF Bancorp Stock Down 0.3 %

Shares of NASDAQ:IROQ opened at $16.28 on Thursday. The company has a market capitalization of $54.54 million, a P/E ratio of 27.13 and a beta of 0.51. The stock’s fifty day simple moving average is $16.64 and its 200-day simple moving average is $15.66. IF Bancorp has a 52-week low of $13.75 and a 52-week high of $18.51. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.33.

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

IF Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of IF Bancorp by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 39,173 shares of the savings and loans company’s stock worth $628,000 after purchasing an additional 1,962 shares during the last quarter. Gendell Jeffrey L boosted its stake in IF Bancorp by 7.9% in the 4th quarter. Gendell Jeffrey L now owns 272,040 shares of the savings and loans company’s stock worth $4,361,000 after buying an additional 19,877 shares during the last quarter. Stilwell Value LLC grew its holdings in IF Bancorp by 7.9% in the 4th quarter. Stilwell Value LLC now owns 239,297 shares of the savings and loans company’s stock valued at $3,836,000 after buying an additional 17,561 shares during the period. BlackRock Inc. increased its stake 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 during the last quarter. Finally, Geode Capital Management LLC lifted 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 worth $355,000 after acquiring an additional 3,771 shares during the period. 44.11% of the stock is currently owned by institutional investors and hedge funds.

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.