IF Bancorp (NASDAQ:IROQ) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of IF Bancorp, Inc. (NASDAQ:IROQ) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.04 and traded as high as $24.23. IF Bancorp shares last traded at $24.23, with a volume of 544 shares changing hands.

IF Bancorp Stock Up 1.9 %

The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $81.17 million, a price-to-earnings ratio of 26.05 and a beta of 0.49. The business has a 50-day simple moving average of $23.57 and a 200-day simple moving average of $21.04.

IF Bancorp (NASDAQ:IROQ) last posted its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter. IF Bancorp had a return on equity of 3.99% and a net margin of 6.18%.

IF Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 21st will be given a $0.20 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.80 dividend on an annualized basis and a yield of 3.30%. This is a positive change from IF Bancorp’s previous quarterly dividend of $0.05. IF Bancorp’s dividend payout ratio (DPR) is currently 43.01%.

Institutional Investors Weigh In On IF Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp acquired a new stake in shares of IF Bancorp during the 4th quarter worth about $294,000. Stilwell Value LLC raised its position in shares of IF Bancorp by 11.1% during the 4th quarter. Stilwell Value LLC now owns 291,150 shares of the savings and loans company’s stock worth $6,784,000 after acquiring an additional 29,101 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of IF Bancorp by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 15,173 shares of the savings and loans company’s stock worth $349,000 after acquiring an additional 1,320 shares in the last quarter. Geode Capital Management LLC raised its position in shares of IF Bancorp by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 22,619 shares of the savings and loans company’s stock worth $520,000 after acquiring an additional 1,036 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of IF Bancorp by 405.6% during the 4th quarter. Alliancebernstein L.P. now owns 62,204 shares of the savings and loans company’s stock worth $1,410,000 after acquiring an additional 49,902 shares in the last quarter. Institutional investors and hedge funds own 44.11% of the company’s stock.

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.