Short Interest in IF Bancorp, Inc. (NASDAQ:IROQ) Rises By 50.9%

IF Bancorp, Inc. (NASDAQ:IROQ) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 5,363 shares, a growth of 50.9% from the December 15th total of 3,553 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 3,209 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 3,209 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of IF Bancorp

An institutional investor recently raised its position in IF Bancorp stock. Alliancebernstein L.P. lifted its holdings in IF Bancorp, Inc. (NASDAQ:IROQ) by 35.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,571 shares of the savings and loans company’s stock after acquiring an additional 30,372 shares during the period. Alliancebernstein L.P. owned 3.48% of IF Bancorp worth $3,016,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 44.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of IF Bancorp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

IF Bancorp Price Performance

IROQ stock traded up $0.13 during midday trading on Friday, hitting $27.33. The company’s stock had a trading volume of 2,445 shares, compared to its average volume of 7,334. 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 12 month low of $23.00 and a 12 month high of $27.33. The company has a 50 day moving average of $26.45 and a two-hundred day moving average of $25.69. The firm has a market capitalization of $91.61 million, a price-to-earnings ratio of 17.41 and a beta of 0.20.

IF Bancorp (NASDAQ:IROQ) last released its quarterly earnings data on Wednesday, November 12th. The savings and loans company reported $0.43 EPS for the quarter. IF Bancorp had a net margin of 10.49% and a return on equity of 6.30%. The business had revenue of $7.33 million during the quarter.

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. 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.