IF Bancorp, Inc. (NASDAQ:IROQ) Sees Significant Drop in Short Interest

IF Bancorp, Inc. (NASDAQ:IROQ) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 45 shares, a decrease of 98.8% from the February 26th total of 3,811 shares. Based on an average daily volume of 35,232 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 35,232 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On IF Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in shares of IF Bancorp during the 4th quarter worth approximately $54,000. JBF Capital Inc. bought a new position in IF Bancorp in the 4th quarter valued at $324,000. Yakira Capital Management Inc. purchased a new stake in IF Bancorp in the fourth quarter worth $965,000. Chicago Capital Management LLC bought a new stake in shares of IF Bancorp during the fourth quarter worth $1,016,000. Finally, Vanguard Group Inc. lifted its position in shares of IF Bancorp by 1.4% during the third quarter. Vanguard Group Inc. now owns 74,830 shares of the savings and loans company’s stock worth $1,932,000 after purchasing an additional 1,000 shares during the last quarter. 44.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded IF Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, IF Bancorp currently has an average rating of “Buy”.

IF Bancorp Stock Performance

Shares of IF Bancorp stock remained flat at $26.55 during trading on Tuesday. IF Bancorp has a 52-week low of $23.00 and a 52-week high of $29.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day moving average is $27.36 and its 200-day moving average is $26.51. The stock has a market cap of $89.00 million, a price-to-earnings ratio of 16.59 and a beta of 0.17.

IF Bancorp (NASDAQ:IROQ) last issued its quarterly earnings results on Friday, January 30th. The savings and loans company reported $0.41 EPS for the quarter. IF Bancorp had a net margin of 10.80% and a return on equity of 6.22%. The company had revenue of $7.33 million for the quarter.

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. It provides loans comprising one- to four-family residential mortgage loans; multi-family mortgage loans; commercial real estate loans, such as farm loans; home equity lines of credit; commercial business loans; and consumer loans primarily comprising automobile loans, as well as construction loans and land development loans.