IF Bancorp, Inc. (NASDAQ:IROQ) Short Interest Down 7.1% in March

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

IF Bancorp Stock Up 1.1 %

IROQ opened at $16.50 on Wednesday. IF Bancorp has a fifty-two week low of $13.75 and a fifty-two week high of $18.51. The business has a 50-day moving average of $16.66 and a 200-day moving average of $15.65. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $55.28 million, a PE ratio of 27.50 and a beta of 0.51.

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

IF Bancorp Announces Dividend

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

Institutional Investors Weigh In On IF Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in IROQ. Stilwell Value LLC raised its stake in shares of IF Bancorp by 87.9% during the 3rd quarter. Stilwell Value LLC now owns 221,736 shares of the savings and loans company’s stock worth $3,302,000 after purchasing an additional 103,706 shares in the last quarter. Gendell Jeffrey L raised its stake in shares of 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 valued at $4,361,000 after acquiring an additional 19,877 shares in the last quarter. BlackRock Inc. raised its stake in shares of IF Bancorp by 1,925.4% in 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of IF Bancorp by 18.1% in the 2nd quarter. Geode Capital Management LLC now owns 24,565 shares of the savings and loans company’s stock valued at $355,000 after acquiring an additional 3,771 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of IF Bancorp by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 39,173 shares of the savings and loans company’s stock valued at $628,000 after acquiring an additional 1,962 shares in the last quarter. 44.11% of the stock is owned by hedge funds and other institutional investors.

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.