IF Bancorp (NASDAQ:IROQ) Shares Cross Above Fifty Day Moving Average – Time to Sell?

IF Bancorp, Inc. (NASDAQ:IROQ) crossed 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 traded.

Analyst Upgrades and Downgrades

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

IF Bancorp Stock Performance

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 has a 50-day moving average price of $27.37 and a 200-day moving average price of $26.40. The company has a market capitalization of $91.62 million, a price-to-earnings ratio of 17.09 and a beta of 0.17.

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

Hedge Funds Weigh In On IF Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its stake in shares of IF Bancorp by 35.2% during the 3rd quarter. Alliancebernstein L.P. now owns 116,571 shares of the savings and loans company’s stock worth $3,016,000 after buying an additional 30,372 shares during the last quarter. Vanguard Group Inc. grew its stake in 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 valued at $1,932,000 after buying an additional 1,000 shares during the last quarter. Chicago Capital Management LLC bought a new position in IF Bancorp in the 4th quarter valued at about $1,016,000. Yakira Capital Management Inc. bought a new position in IF Bancorp in the 4th quarter valued at about $965,000. Finally, JBF Capital Inc. acquired a new stake in IF Bancorp during the fourth quarter worth approximately $324,000. 44.11% of the stock is currently owned by institutional investors and hedge funds.

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.