IF Bancorp Inc (NASDAQ:IROQ) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totalling 400 shares, a growth of 100.0% from the May 14th total of 200 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 0.3 days.
A hedge fund recently raised its stake in IF Bancorp stock. Morgan Stanley raised its position in shares of IF Bancorp Inc (NASDAQ:IROQ) by 2,177.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,279 shares of the savings and loans company’s stock after purchasing an additional 3,135 shares during the period. Morgan Stanley owned 0.10% of IF Bancorp worth $52,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 21.79% of the company’s stock.
Separately, ValuEngine cut shares of IF Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 5th.
Shares of IROQ stock traded up $2.08 on Thursday, reaching $18.62. 863 shares of the company’s stock traded hands, compared to its average volume of 2,123. The company has a market capitalization of $53.47 million, a P/E ratio of 15.52 and a beta of 0.61. IF Bancorp has a 12-month low of $15.07 and a 12-month high of $24.05. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.93 and a current ratio of 0.93. The business’s 50 day moving average price is $16.09 and its two-hundred day moving average price is $19.85.
IF Bancorp (NASDAQ:IROQ) last announced its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.26 EPS for the quarter. The firm had revenue of $5.76 million during the quarter. IF Bancorp had a return on equity of 4.93% and a net margin of 12.18%.
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 solutions 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.
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