IF Bancorp, Inc. (NASDAQ:IROQ) Short Interest Update

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 8,700 shares, an increase of 14.5% from the January 15th total of 7,600 shares. Currently, 0.6% of the company’s shares 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 Trading Up 1.9 %

IF Bancorp stock traded up $0.45 during midday trading on Monday, hitting $24.23. 544 shares of the stock were exchanged, compared to its average volume of 1,829. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.06. The stock’s 50-day simple moving average is $23.59 and its 200 day simple moving average is $21.14. IF Bancorp has a fifty-two week low of $14.85 and a fifty-two week high of $25.00. The stock has a market capitalization of $81.17 million, a price-to-earnings ratio of 26.05 and a beta of 0.49.

IF Bancorp (NASDAQ:IROQ) last posted its quarterly 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 3.99%.

IF Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.20 per share. This is a boost from IF Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.80 annualized dividend and a yield of 3.30%. IF Bancorp’s dividend payout ratio (DPR) is 43.01%.

Institutional Investors Weigh In On IF Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in shares of IF Bancorp by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 22,619 shares of the savings and loans company’s stock worth $520,000 after purchasing an additional 1,036 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of IF Bancorp by 9.5% during 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 acquiring an additional 1,320 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of IF Bancorp during the fourth quarter valued at about $234,000. Northern Trust Corp purchased a new stake in shares of IF Bancorp in the 4th quarter valued at approximately $294,000. Finally, Stilwell Value LLC lifted its holdings in shares of IF Bancorp by 11.1% in the 4th quarter. Stilwell Value LLC now owns 291,150 shares of the savings and loans company’s stock worth $6,784,000 after acquiring an additional 29,101 shares during the last quarter. Hedge funds and other institutional investors own 44.11% of the company’s stock.

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.