Short Interest in IF Bancorp, Inc. (NASDAQ:IROQ) Declines By 18.0%

IF Bancorp, Inc. (NASDAQ:IROQ) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 9,100 shares, a decline of 18.0% from the August 31st total of 11,100 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is presently 3.1 days.

Hedge Funds Weigh In On IF Bancorp

A hedge fund recently raised its stake in IF Bancorp stock. Stilwell Value LLC boosted its holdings in IF Bancorp, Inc. (NASDAQ:IROQ) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 248,771 shares of the savings and loans company’s stock after buying an additional 9,474 shares during the period. IF Bancorp makes up about 3.1% of Stilwell Value LLC’s investment portfolio, making the stock its 6th largest position. Stilwell Value LLC owned about 7.43% of IF Bancorp worth $4,137,000 at the end of the most recent quarter. 44.11% of the stock is currently owned by institutional investors.

IF Bancorp Stock Up 0.2 %

Shares of IROQ traded up $0.04 during trading hours on Monday, hitting $20.17. 348 shares of the company were exchanged, compared to its average volume of 2,537. The company has a market cap of $67.63 million, a PE ratio of 33.07 and a beta of 0.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 0.84. The firm’s 50 day moving average is $18.04 and its 200-day moving average is $17.12. IF Bancorp has a 52 week low of $14.00 and a 52 week high of $20.17.

IF Bancorp (NASDAQ:IROQ) last posted its quarterly earnings data on Thursday, August 29th. The savings and loans company reported $0.13 earnings per share (EPS) for the quarter. IF Bancorp had a net margin of 3.95% and a return on equity of 2.50%. The business had revenue of $5.70 million during the quarter.

IF Bancorp Announces Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.20 per share. This represents a yield of 2.3%. The ex-dividend date is Friday, September 27th. IF Bancorp’s dividend payout ratio (DPR) is 65.57%.

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.