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

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

Institutional Investors Weigh In On IF Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of IF Bancorp by 1.4% in the third quarter. Vanguard Group Inc. now owns 74,830 shares of the savings and loans company’s stock valued at $1,932,000 after acquiring an additional 1,000 shares during the period. Alliancebernstein L.P. boosted its holdings in 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 valued at $3,016,000 after purchasing an additional 30,372 shares during the period. Chicago Capital Management LLC purchased a new position in shares of IF Bancorp during the 4th quarter valued at $1,016,000. JBF Capital Inc. bought a new position in shares of IF Bancorp in the fourth quarter worth $324,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of IF Bancorp in the fourth quarter worth $54,000. 44.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of IF Bancorp in a research note on Thursday, January 22nd. One equities research 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

Shares of NASDAQ:IROQ traded down $0.02 during trading on Friday, hitting $27.75. 16,339 shares of the company were exchanged, compared to its average volume of 8,123. IF Bancorp has a 52-week low of $23.00 and a 52-week high of $29.00. The stock has a 50 day moving average of $27.23 and a 200 day moving average of $26.27. 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 company has a market cap of $93.02 million, a PE ratio of 17.34 and a beta of 0.18.

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

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.