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

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 45 shares, a decrease of 98.8% from the February 26th total of 3,811 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 35,232 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 35,232 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of IF Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Institutional Trading of IF Bancorp

A number of hedge funds have recently added to or reduced their stakes in IROQ. Yakira Capital Management Inc. bought a new position in IF Bancorp during the 4th quarter worth about $965,000. Kestra Advisory Services LLC purchased a new position in IF Bancorp during the 4th quarter valued at about $54,000. JBF Capital Inc. bought a new stake in shares of IF Bancorp in the 4th quarter valued at about $324,000. Chicago Capital Management LLC bought a new stake in shares of IF Bancorp in the 4th quarter valued at about $1,016,000. Finally, Alliancebernstein L.P. lifted its position 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 worth $3,016,000 after purchasing an additional 30,372 shares during the period. 44.11% of the stock is owned by hedge funds and other institutional investors.

IF Bancorp Price Performance

IROQ remained flat at $26.55 during trading on Tuesday. The company’s fifty day moving average price is $27.36 and its 200-day moving average price is $26.51. The company has a market capitalization of $89.00 million, a PE ratio of 16.59 and a beta of 0.17. IF Bancorp has a 1-year low of $23.00 and a 1-year high of $29.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.76.

IF Bancorp (NASDAQ:IROQ) last issued its earnings results on Friday, January 30th. The savings and loans company reported $0.41 earnings per share for the quarter. IF Bancorp had a return on equity of 6.22% and a net margin of 10.80%.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.