IF Bancorp (NASDAQ:IROQ) Stock Crosses Above 50-Day Moving Average – Here’s Why

IF Bancorp, Inc. (NASDAQ:IROQ)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $27.37 and traded as high as $28.18. IF Bancorp shares last traded at $27.35, with a volume of 1,769 shares traded.

Analyst Ratings Changes

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

IF Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.76, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day moving average price is $27.37 and its 200-day moving average price is $26.40. The company has a market cap of $91.62 million, a P/E ratio of 17.09 and a beta of 0.17.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IROQ. Kestra Advisory Services LLC acquired a new stake in shares of IF Bancorp in the fourth quarter valued at approximately $54,000. JBF Capital Inc. acquired a new stake in IF Bancorp during the fourth quarter worth approximately $324,000. Yakira Capital Management Inc. acquired a new stake in IF Bancorp during the fourth quarter worth approximately $965,000. Chicago Capital Management LLC bought a new position in IF Bancorp during the 4th quarter worth $1,016,000. Finally, Vanguard Group Inc. increased its stake in 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 acquiring an additional 1,000 shares during the period. 44.11% of the stock is 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.