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

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,553 shares, an increase of 50.0% from the November 30th total of 2,369 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,418 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily volume of 1,418 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On IF Bancorp

An institutional investor recently raised its position in IF Bancorp stock. Alliancebernstein L.P. raised its stake in IF Bancorp, Inc. (NASDAQ:IROQ) by 35.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & 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 quarter. Alliancebernstein L.P. owned approximately 3.48% of IF Bancorp worth $3,016,000 as of its most recent filing with the Securities & Exchange Commission. 44.11% of the stock is currently owned by institutional investors and hedge funds.

IF Bancorp Stock Performance

Shares of NASDAQ IROQ traded down $0.37 during midday trading on Monday, reaching $26.57. The company’s stock had a trading volume of 733 shares, compared to its average volume of 2,728. The stock has a market capitalization of $88.99 million, a P/E ratio of 16.92 and a beta of 0.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a 50 day moving average price of $26.10 and a 200-day moving average price of $25.47. IF Bancorp has a 12-month low of $22.84 and a 12-month high of $27.01.

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

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.