Short Interest in IF Bancorp, Inc. (NASDAQ:IROQ) Declines By 19.2%

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 4,335 shares, a drop of 19.2% from the December 31st total of 5,363 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 9,934 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 9,934 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On IF Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its holdings in shares of IF Bancorp by 35.2% in the 3rd 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of IF Bancorp by 1.4% during the 3rd 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. Finally, Chicago Capital Management LLC bought a new stake in shares of IF Bancorp during the 4th quarter worth $1,016,000. 44.11% of the stock is currently owned by institutional investors.

IF Bancorp Price Performance

Shares of IROQ traded up $0.09 during trading hours on Monday, hitting $27.21. 6,616 shares of the company were exchanged, compared to its average volume of 15,855. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.82. IF Bancorp has a fifty-two week low of $23.00 and a fifty-two week high of $27.93. The company has a market cap of $91.15 million, a price-to-earnings ratio of 17.01 and a beta of 0.18. The firm’s fifty day moving average is $26.74 and its 200 day moving average is $25.91.

IF Bancorp (NASDAQ:IROQ) last posted its quarterly earnings data on Friday, January 30th. The savings and loans company reported $0.41 earnings per share for the quarter. The business had revenue of $7.33 million during the quarter. IF Bancorp had a net margin of 10.80% and a return on equity of 6.33%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of IF Bancorp in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.