IF Bancorp, Inc. (NASDAQ:IROQ) Short Interest Up 246.9% in August

IF Bancorp, Inc. (NASDAQ:IROQ) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 11,100 shares, a growth of 246.9% from the August 15th total of 3,200 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 2,900 shares, the short-interest ratio is presently 3.8 days.

Institutional Investors Weigh In On IF Bancorp

A hedge fund recently raised its stake in IF Bancorp stock. Stilwell Value LLC increased its position in IF Bancorp, Inc. (NASDAQ:IROQ) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 239,297 shares of the savings and loans company’s stock after acquiring an additional 17,561 shares during the period. IF Bancorp comprises about 2.9% of Stilwell Value LLC’s investment portfolio, making the stock its 7th biggest holding. Stilwell Value LLC owned 7.13% of IF Bancorp worth $3,836,000 at the end of the most recent reporting period. 44.11% of the stock is owned by institutional investors.

IF Bancorp Stock Performance

Shares of NASDAQ IROQ traded up $0.20 during trading on Friday, reaching $18.97. 179 shares of the company traded hands, compared to its average volume of 2,531. 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 firm has a 50 day simple moving average of $17.45 and a 200-day simple moving average of $16.91. IF Bancorp has a 52-week low of $14.00 and a 52-week high of $19.57. The stock has a market capitalization of $63.55 million, a PE ratio of 30.74 and a beta of 0.51.

IF Bancorp Dividend Announcement

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