Alliancebernstein L.P. Has $1.41 Million Stake in IF Bancorp, Inc. (NASDAQ:IROQ)

Alliancebernstein L.P. increased its stake in shares of IF Bancorp, Inc. (NASDAQ:IROQ - Free Report) by 405.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,204 shares of the savings and loans company's stock after acquiring an additional 49,902 shares during the period. Alliancebernstein L.P. owned about 1.86% of IF Bancorp worth $1,410,000 as of its most recent filing with the SEC.

Separately, LPL Financial LLC bought a new stake in IF Bancorp in the fourth quarter valued at approximately $234,000. Institutional investors and hedge funds own 44.11% of the company's stock.

IF Bancorp Stock Performance

Shares of NASDAQ IROQ traded up $0.33 during trading hours on Thursday, reaching $23.52. 482 shares of the stock were exchanged, compared to its average volume of 2,838. The firm has a market capitalization of $78.84 million, a price-to-earnings ratio of 25.29 and a beta of 0.28. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.94 and a current ratio of 0.94. IF Bancorp, Inc. has a 52 week low of $14.85 and a 52 week high of $25.76. The stock's fifty day simple moving average is $23.97 and its 200 day simple moving average is $23.00.

IF Bancorp (NASDAQ:IROQ - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter. IF Bancorp had a return on equity of 3.97% and a net margin of 6.18%.

IF Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 21st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.80 dividend on an annualized basis and a yield of 3.40%. This is an increase from IF Bancorp's previous quarterly dividend of $0.05. IF Bancorp's dividend payout ratio is currently 43.01%.

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.