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

IF Bancorp, Inc. (NASDAQ:IROQ) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 4,208 shares, an increase of 61.3% from the January 29th total of 2,608 shares. Based on an average trading volume of 12,319 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 12,319 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of IF Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of IF Bancorp in the fourth quarter worth $54,000. JBF Capital Inc. bought a new position in IF Bancorp in the fourth quarter valued at $324,000. Yakira Capital Management Inc. acquired a new stake in IF Bancorp in the 4th quarter valued at $965,000. Chicago Capital Management LLC bought a new stake in IF Bancorp during the 4th quarter worth about $1,016,000. Finally, Vanguard Group Inc. boosted its stake in shares of IF Bancorp by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 74,830 shares of the savings and loans company’s stock worth $1,932,000 after buying an additional 1,000 shares during the last quarter. 44.11% of the stock is currently owned by institutional investors and hedge funds.

IF Bancorp Stock Up 0.6%

Shares of IROQ traded up $0.16 during midday trading on Monday, hitting $27.91. The stock had a trading volume of 3,028 shares, compared to its average volume of 13,103. The company has a 50 day simple moving average of $27.23 and a two-hundred day simple moving average of $26.29. IF Bancorp has a twelve month low of $23.00 and a twelve month high of $29.00. The firm has a market cap of $93.50 million, a price-to-earnings ratio of 17.44 and a beta of 0.17. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.90 and a quick ratio of 0.90.

IF Bancorp (NASDAQ:IROQ) last posted its quarterly earnings data on Friday, January 30th. The savings and loans company reported $0.41 earnings per share for the quarter. The company had revenue of $7.33 million during the quarter. IF Bancorp had a return on equity of 6.22% and a net margin of 10.80%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of IF Bancorp in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

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.