Short Interest in IF Bancorp, Inc. (NASDAQ:IROQ) Increases By 14.5%

IF Bancorp, Inc. (NASDAQ:IROQ) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 8,700 shares, a growth of 14.5% from the January 15th total of 7,600 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Northern Trust Corp purchased a new position in IF Bancorp in the fourth quarter valued at approximately $294,000. Dimensional Fund Advisors LP raised its holdings in IF Bancorp by 9.5% in 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 buying an additional 1,320 shares during the period. Geode Capital Management LLC raised its holdings in IF Bancorp by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 22,619 shares of the savings and loans company’s stock valued at $520,000 after buying an additional 1,036 shares during the period. LPL Financial LLC purchased a new stake in shares of IF Bancorp during the fourth quarter valued at approximately $234,000. Finally, Stilwell Value LLC raised its stake in shares of IF Bancorp by 11.1% during the fourth quarter. Stilwell Value LLC now owns 291,150 shares of the savings and loans company’s stock valued at $6,784,000 after purchasing an additional 29,101 shares during the period. Hedge funds and other institutional investors own 44.11% of the company’s stock.

IF Bancorp Price Performance

Shares of IROQ traded up $0.45 during trading hours on Monday, reaching $24.23. The company had a trading volume of 544 shares, compared to its average volume of 1,829. The firm has a 50 day simple moving average of $23.59 and a 200-day simple moving average of $21.14. 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 company has a market capitalization of $81.17 million, a price-to-earnings ratio of 26.05 and a beta of 0.49. IF Bancorp has a 12-month low of $14.85 and a 12-month high of $25.00.

IF Bancorp (NASDAQ:IROQ) last issued its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.38 EPS 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 21st will be issued a $0.20 dividend. This is a positive change from IF Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date 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 presently 43.01%.

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.