IF Bancorp, Inc. (NASDAQ:IROQ) Sees Large Increase in Short Interest

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 5,400 shares, a growth of 14.9% from the June 15th total of 4,700 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is currently 3.9 days.

IF Bancorp Stock Up 1.2 %

Shares of NASDAQ IROQ traded up $0.20 during mid-day trading on Wednesday, reaching $16.75. 801 shares of the company were exchanged, compared to its average volume of 2,480. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.33. The stock has a market cap of $56.11 million, a price-to-earnings ratio of 27.46 and a beta of 0.50. IF Bancorp has a 1 year low of $14.00 and a 1 year high of $18.51. The firm has a 50-day moving average of $16.70 and a 200 day moving average of $16.54.

IF Bancorp (NASDAQ:IROQ) last issued its quarterly earnings data on Tuesday, April 30th. The savings and loans company reported $0.22 earnings per share for the quarter. The firm had revenue of $5.40 million during the quarter. IF Bancorp had a return on equity of 2.75% and a net margin of 4.52%.

Institutional Investors Weigh In On IF Bancorp

A hedge fund recently raised its stake in IF Bancorp stock. Gendell Jeffrey L grew its position in IF Bancorp, Inc. (NASDAQ:IROQ) by 14.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 312,151 shares of the savings and loans company’s stock after purchasing an additional 40,111 shares during the period. Gendell Jeffrey L owned approximately 9.32% of IF Bancorp worth $5,191,000 at the end of the most recent quarter. 44.11% of the stock is currently owned by institutional investors.

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.