Stilwell Value LLC Acquires 29,101 Shares of IF Bancorp, Inc. (NASDAQ:IROQ)

Stilwell Value LLC boosted its holdings in shares of IF Bancorp, Inc. (NASDAQ:IROQ - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 291,150 shares of the savings and loans company's stock after purchasing an additional 29,101 shares during the period. IF Bancorp comprises approximately 5.2% of Stilwell Value LLC's investment portfolio, making the stock its 4th biggest holding. Stilwell Value LLC owned approximately 8.69% of IF Bancorp worth $6,784,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its holdings in IF Bancorp by 405.6% during the fourth 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 in the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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 valued at $349,000 after acquiring an additional 1,320 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 valued at $520,000 after purchasing an additional 1,036 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in IF Bancorp in the 4th quarter worth about $234,000. 44.11% of the stock is owned by hedge funds and other institutional investors.

IF Bancorp Stock Up 2.5 %

Shares of IROQ traded up $0.59 during mid-day trading on Friday, reaching $24.30. The company's stock had a trading volume of 407 shares, compared to its average volume of 2,832. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.94 and a quick ratio of 0.94. IF Bancorp, Inc. has a 12-month low of $14.85 and a 12-month high of $25.76. The stock has a market cap of $81.45 million, a PE ratio of 26.13 and a beta of 0.28. The company's 50 day moving average is $23.96 and its 200 day moving average is $23.02.

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

IF Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 21st were issued a dividend of $0.20 per share. This is a positive change from IF Bancorp's previous quarterly dividend of $0.05. The ex-dividend date was Friday, March 21st. This represents a $0.80 annualized dividend and a dividend yield of 3.29%. IF Bancorp's dividend payout ratio (DPR) is presently 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.