Geode Capital Management LLC Increases Stock Position in IF Bancorp, Inc. (NASDAQ:IROQ)

Geode Capital Management LLC lifted its holdings in IF Bancorp, Inc. (NASDAQ:IROQ) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,619 shares of the savings and loans company’s stock after buying an additional 1,036 shares during the quarter. Geode Capital Management LLC owned approximately 0.68% of IF Bancorp worth $520,000 as of its most recent SEC filing.

Separately, Alliancebernstein L.P. grew its holdings in IF Bancorp by 405.6% in the fourth quarter. Alliancebernstein L.P. now owns 62,204 shares of the savings and loans company’s stock worth $1,410,000 after purchasing an additional 49,902 shares during the period. Institutional investors own 44.11% of the company’s stock.

IF Bancorp Price Performance

IROQ stock opened at $24.29 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50 day moving average price of $23.97 and a 200-day moving average price of $23.18. IF Bancorp, Inc. has a 52-week low of $14.85 and a 52-week high of $25.76. The firm has a market capitalization of $81.40 million, a price-to-earnings ratio of 26.11 and a beta of 0.28.

IF Bancorp (NASDAQ:IROQ) last announced its quarterly earnings data on Tuesday, April 29th. The savings and loans company reported $0.31 earnings per share (EPS) for the quarter. IF Bancorp had a return on equity of 3.97% and a net margin of 6.18%. The business had revenue of $6.40 million during the quarter.

IF Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 21st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.29%. This is an increase from IF Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, March 21st. IF Bancorp’s dividend payout ratio is 43.01%.

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 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.