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

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 45 shares, a decline 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. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On IF Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new stake in IF Bancorp during the 4th quarter worth approximately $54,000. JBF Capital Inc. purchased a new position in shares of IF Bancorp during the fourth quarter valued at approximately $324,000. Yakira Capital Management Inc. purchased a new position in shares of IF Bancorp during the fourth quarter valued at approximately $965,000. Chicago Capital Management LLC bought a new stake in IF Bancorp during the fourth quarter worth $1,016,000. Finally, Vanguard Group Inc. grew its holdings in 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 buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 44.11% of the company’s stock.

Analyst Ratings Changes

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

IF Bancorp Price Performance

Shares of IROQ remained flat at $26.55 during trading hours on Thursday. The business’s 50 day moving average is $27.35 and its 200-day moving average is $26.51. IF Bancorp has a fifty-two week low of $23.00 and a fifty-two 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 company has a market capitalization of $89.00 million, a P/E ratio of 16.59 and a beta of 0.17.

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