IF Bancorp (NASDAQ:IROQ) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Shares of IF Bancorp, Inc. (NASDAQ:IROQ) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $27.37 and traded as high as $28.18. IF Bancorp shares last traded at $27.35, with a volume of 1,769 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of IF Bancorp in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

IF Bancorp Stock Performance

The company has a market cap of $90.28 million, a P/E ratio of 16.84 and a beta of 0.17. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $27.39 and a two-hundred day simple moving average of $26.42.

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

Institutional Investors Weigh In On IF Bancorp

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of IF Bancorp by 1.4% in the 3rd 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 in the last quarter. Alliancebernstein L.P. grew its holdings in IF Bancorp by 35.2% during the third quarter. Alliancebernstein L.P. now owns 116,571 shares of the savings and loans company’s stock valued at $3,016,000 after purchasing an additional 30,372 shares during the period. Chicago Capital Management LLC purchased a new stake in IF Bancorp in the fourth quarter worth about $1,016,000. JBF Capital Inc. purchased a new stake in IF Bancorp in the fourth quarter worth about $324,000. Finally, Kestra Advisory Services LLC bought a new position in shares of IF Bancorp in the fourth quarter worth about $54,000. 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. 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.