Short Interest in IF Bancorp, Inc. (NASDAQ:IROQ) Expands By 14.5%

IF Bancorp, Inc. (NASDAQ:IROQ - Get Free Report) was the target of a significant 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. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 3.3 days.

IF Bancorp Price Performance

NASDAQ:IROQ traded down $0.01 during mid-day trading on Thursday, reaching $24.18. The stock had a trading volume of 1,594 shares, compared to its average volume of 1,512. The stock has a 50-day simple moving average of $23.60 and a two-hundred day simple moving average of $21.21. The stock has a market capitalization of $81.02 million, a PE ratio of 26.00 and a beta of 0.49. 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 has a 12 month low of $14.85 and a 12 month high of $25.00.

IF Bancorp (NASDAQ:IROQ - Get Free Report) last issued 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 net margin of 6.18% and a return on equity of 3.97%.

IF Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 21st will be issued a $0.20 dividend. The ex-dividend date is Friday, March 21st. This is a boost from IF Bancorp's previous quarterly dividend of $0.05. This represents a $0.80 annualized dividend and a yield of 3.31%. IF Bancorp's dividend payout ratio is presently 43.01%.

Hedge Funds Weigh In On IF Bancorp

Several institutional investors have recently added to or reduced their stakes in IROQ. LPL Financial LLC acquired a new position in IF Bancorp in the fourth quarter valued at approximately $234,000. Northern Trust Corp acquired a new position in IF Bancorp in the fourth quarter valued at approximately $294,000. Dimensional Fund Advisors LP lifted its stake in IF Bancorp by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 15,173 shares of the savings and loans company's stock valued at $349,000 after buying an additional 1,320 shares during the period. Geode Capital Management LLC lifted its stake in IF Bancorp by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 22,619 shares of the savings and loans company's stock valued at $520,000 after buying an additional 1,036 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in IF Bancorp by 405.6% in the fourth quarter. Alliancebernstein L.P. now owns 62,204 shares of the savings and loans company's stock valued at $1,410,000 after buying an additional 49,902 shares during the period. 44.11% of the stock is 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.