IF Bancorp (NASDAQ:IROQ) Stock Crosses Above 50-Day Moving Average – Time to Sell?

IF Bancorp, Inc. (NASDAQ:IROQ) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $26.25 and traded as high as $26.82. IF Bancorp shares last traded at $26.75, with a volume of 3,347 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of IF Bancorp in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

IF Bancorp Stock Performance

The business’s 50-day simple moving average is $26.25 and its two-hundred day simple moving average is $25.56. The firm has a market cap of $89.61 million, a price-to-earnings ratio of 17.04 and a beta of 0.20. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.82.

IF Bancorp (NASDAQ:IROQ) last posted its earnings results on Wednesday, November 12th. The savings and loans company reported $0.43 EPS for the quarter. IF Bancorp had a return on equity of 6.30% and a net margin of 10.49%.The firm had revenue of $7.33 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in IF Bancorp stock. Alliancebernstein L.P. increased its holdings in shares of IF Bancorp, Inc. (NASDAQ:IROQ) by 35.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,571 shares of the savings and loans company’s stock after buying an additional 30,372 shares during the period. Alliancebernstein L.P. owned about 3.48% of IF Bancorp worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 44.11% of the stock is currently owned by hedge funds and other institutional investors.

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. 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.