IF Bancorp (NASDAQ:IROQ) Posts Earnings Results

IF Bancorp (NASDAQ:IROQ) released its earnings results on Friday. The savings and loans company reported $0.41 earnings per share (EPS) for the quarter, Zacks reports. IF Bancorp had a net margin of 10.49% and a return on equity of 6.30%.

IF Bancorp Price Performance

IF Bancorp stock traded down $0.04 during mid-day trading on Friday, reaching $27.12. The company had a trading volume of 2,144 shares, compared to its average volume of 17,734. IF Bancorp has a fifty-two week low of $23.00 and a fifty-two week high of $27.93. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The company has a market cap of $90.85 million, a P/E ratio of 17.27 and a beta of 0.20. The business has a fifty day simple moving average of $26.70 and a 200 day simple moving average of $25.86.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On IF Bancorp

An institutional investor recently raised its position in IF Bancorp stock. Vanguard Group Inc. boosted its holdings in IF Bancorp, Inc. (NASDAQ:IROQ) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,830 shares of the savings and loans company’s stock after buying an additional 1,000 shares during the quarter. Vanguard Group Inc. owned approximately 2.23% of IF Bancorp worth $1,932,000 at the end of the most recent reporting period. 44.11% of the stock is currently owned by institutional investors.

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.