IF Bancorp, Inc. (NASDAQ:IROQ) Sees Significant Increase in Short Interest

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IROQ. LPL Financial LLC acquired a new stake in shares of IF Bancorp during the 4th quarter valued at about $234,000. Northern Trust Corp purchased a new position in IF Bancorp during the fourth quarter worth approximately $294,000. Dimensional Fund Advisors LP grew 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 purchasing an additional 1,320 shares during the period. Geode Capital Management LLC increased its position in shares of 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 in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of IF Bancorp by 405.6% in the fourth quarter. Alliancebernstein L.P. now owns 62,204 shares of the savings and loans company’s stock valued at $1,410,000 after buying an additional 49,902 shares in the last quarter. Institutional investors and hedge funds own 44.11% of the company’s stock.

IF Bancorp Stock Performance

IROQ traded up $0.45 during trading on Monday, reaching $24.23. 544 shares of the company’s stock were exchanged, compared to its average volume of 1,829. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.91. IF Bancorp has a 1 year low of $14.85 and a 1 year high of $25.00. The company’s fifty day simple moving average is $23.59 and its 200-day simple moving average is $21.14. The stock has a market capitalization of $81.17 million, a P/E ratio of 26.05 and a beta of 0.49.

IF Bancorp (NASDAQ:IROQ) last issued its earnings results on Thursday, January 30th. The savings and loans company reported $0.38 earnings per share (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 company 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 dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from IF Bancorp’s previous quarterly dividend of $0.05. This represents a $0.80 dividend on an annualized basis and a yield of 3.30%. IF Bancorp’s dividend payout ratio is 43.01%.

IF Bancorp Company Profile

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.