IF Bancorp, Inc. (NASDAQ:IROQ) Short Interest Up 246.9% in August

IF Bancorp, Inc. (NASDAQ:IROQ) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 11,100 shares, a growth of 246.9% from the August 15th total of 3,200 shares. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is currently 3.8 days. Currently, 0.5% of the shares of the stock are sold short.

IF Bancorp Price Performance

Shares of NASDAQ:IROQ traded up $0.20 on Friday, reaching $18.97. 390 shares of the company traded hands, compared to its average volume of 2,533. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $63.61 million, a PE ratio of 31.10 and a beta of 0.51. The company’s 50 day moving average is $17.51 and its 200-day moving average is $16.92. IF Bancorp has a fifty-two week low of $14.00 and a fifty-two week high of $19.57.

IF Bancorp Dividend Announcement

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be given a $0.20 dividend. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 2.3%. IF Bancorp’s dividend payout ratio (DPR) is 65.57%.

Hedge Funds Weigh In On IF Bancorp

A hedge fund recently raised its stake in IF Bancorp stock. Stilwell Value LLC lifted its stake in IF Bancorp, Inc. (NASDAQ:IROQ) by 7.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 239,297 shares of the savings and loans company’s stock after purchasing an additional 17,561 shares during the quarter. IF Bancorp accounts for about 2.9% of Stilwell Value LLC’s investment portfolio, making the stock its 7th largest holding. Stilwell Value LLC owned 7.13% of IF Bancorp worth $3,836,000 as of its most recent filing with the Securities & Exchange Commission. 44.11% of the stock is currently owned by hedge funds and other 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.