Short Interest in IF Bancorp Inc (NASDAQ:IROQ) Declines By 69.0%

IF Bancorp Inc (NASDAQ:IROQ) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 900 shares, a drop of 69.0% from the August 30th total of 2,900 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is currently 0.1 days.

Separately, ValuEngine raised shares of IF Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

An institutional investor recently bought a new position in IF Bancorp stock. Context BH Capital Management LP purchased a new stake in IF Bancorp Inc (NASDAQ:IROQ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,068 shares of the savings and loans company’s stock, valued at approximately $211,000. Context BH Capital Management LP owned 0.28% of IF Bancorp as of its most recent SEC filing. Hedge funds and other institutional investors own 28.59% of the company’s stock.

IROQ traded up $0.10 during midday trading on Friday, hitting $21.20. 212 shares of the company’s stock traded hands, compared to its average volume of 18,399. The company has a market cap of $75.47 million, a PE ratio of 20.84 and a beta of 0.39. The stock’s fifty day simple moving average is $21.66 and its 200-day simple moving average is $20.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.91 and a quick ratio of 0.91. IF Bancorp has a one year low of $18.70 and a one year high of $23.00.

IF Bancorp (NASDAQ:IROQ) last released its quarterly earnings results on Thursday, August 29th. The savings and loans company reported $0.30 EPS for the quarter. IF Bancorp had a net margin of 11.52% and a return on equity of 4.42%. The company had revenue of $5.55 million for the quarter.

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, September 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 20th.

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 solutions 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.

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