IF Bancorp, Inc. (NASDAQ:IROQ) Short Interest Down 9.1% in August

IF Bancorp, Inc. (NASDAQ:IROQ) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 3,000 shares, a decline of 9.1% from the August 15th total of 3,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 4,800 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On IF Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stilwell Value LLC boosted its holdings in IF Bancorp by 62.9% in the 1st quarter. Stilwell Value LLC now owns 48,695 shares of the savings and loans company’s stock valued at $757,000 after purchasing an additional 18,798 shares during the period. Geode Capital Management LLC raised its position in shares of IF Bancorp by 18.1% during the second quarter. Geode Capital Management LLC now owns 24,565 shares of the savings and loans company’s stock valued at $355,000 after buying an additional 3,771 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of IF Bancorp by 1,925.4% in the second quarter. BlackRock Inc. now owns 17,297 shares of the savings and loans company’s stock valued at $250,000 after buying an additional 16,443 shares during the period. Institutional investors own 23.76% of the company’s stock.

IF Bancorp Price Performance

Shares of NASDAQ:IROQ opened at $15.51 on Tuesday. The company has a market cap of $51.96 million, a price-to-earnings ratio of 10.70 and a beta of 0.54. The business has a 50 day moving average price of $15.22 and a 200 day moving average price of $15.17. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27. IF Bancorp has a twelve month low of $13.75 and a twelve month high of $20.39.

IF Bancorp Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 22nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a dividend yield of 2.6%. IF Bancorp’s dividend payout ratio is 27.59%.

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.