NasdaqCM:IROQ

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with questionable track record.

Risks

  • IF Bancorp is not covered by any analysts.

Similar Companies

Share Price & News

How has IF Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.5%

NasdaqCM:IROQ

0.9%

US Mortgage

0.2%

US Market


1 Year Return

-11.3%

NasdaqCM:IROQ

-2.0%

US Mortgage

-0.7%

US Market

IROQ underperformed the Mortgage industry which returned -0.3% over the past year.

IROQ underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

IROQIndustryMarket
7 Day3.5%0.9%0.2%
30 Day3.5%-1.9%-2.7%
90 Day8.1%-0.4%1.6%
1 Year-10.3%-11.3%0.05%-2.0%1.6%-0.7%
3 Year19.6%16.1%32.3%23.5%40.0%30.9%
5 Year35.5%29.9%56.8%40.3%53.8%36.8%

Price Volatility Vs. Market

How volatile is IF Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is IF Bancorp undervalued based on future cash flows and its price relative to the stock market?

25.75x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

IF Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

IF Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

IF Bancorp is overvalued based on earnings compared to the US Mortgage industry average.

IF Bancorp is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for IF Bancorp, we can't assess if its growth is good value.


Price Based on Value of Assets

IF Bancorp is good value based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

How is IF Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if IF Bancorp is high growth as no revenue estimate data is available.

IF Bancorp's earnings are expected to grow by 17.5% yearly, however this is not considered high growth (20% yearly).

Unable to compare IF Bancorp's revenue growth to the United States of America market average as no estimate data is available.

IF Bancorp's earnings growth is expected to exceed the United States of America market average.

IF Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if IF Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has IF Bancorp performed over the past 5 years?

-7.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

IF Bancorp's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

IF Bancorp's 1-year earnings growth exceeds its 5-year average (64% vs -7.1%)

IF Bancorp's earnings growth has exceeded the US Mortgage industry average in the past year (64% vs 32.9%).


Return on Equity

IF Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

IF Bancorp used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if IF Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is IF Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

IF Bancorp has an acceptable proportion of non-loan assets held.

IF Bancorp has a sufficient allowance for bad loans.

IF Bancorp's liabilities are made up of primarily low risk sources of funding.

IF Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at IF Bancorp are broadly funded by customer deposits.

IF Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is IF Bancorp's current dividend yield, its reliability and sustainability?

1.37%

Current Dividend Yield


Dividend Yield and Payments Analysis

IF Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

IF Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

Whilst dividend payments have been stable, IF Bancorp has been paying a dividend for less than 10 years.

Dividend payments have increased, but IF Bancorp only paid a dividend in the past 6 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of IF Bancorp's salary, the management and board of directors tenure and is there insider trading?

6.2yrs

Average management tenure


CEO

Chip Hasselbring (63yo)

3.8yrs

Tenure

US$424,226

Compensation

Mr. Walter H. Hasselbring III, also known as Chip, has been Chief Executive Officer and President at IF Bancorp, Inc. and Iroquois Federal since October 1, 2015. Mr. Hasselbring served as the Chief Operati ...


CEO Compensation Analysis

Chip's remuneration is about average for companies of similar size in United States of America.

Chip's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.2yrs

Average Tenure

63yo

Average Age

The average tenure for the IF Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.6yrs

Average Tenure

65yo

Average Age

The tenure for the IF Bancorp board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$2,395,87314 Dec 18
Stilwell Value LLC
EntityCompany
Shares112,449
Max PriceUS$21.63
BuyUS$4,16305 Nov 18
Thomas Chamberlain
EntityIndividual
Role
Senior Key Executive
Executive Vice President
Shares190
Max PriceUS$22.09

Ownership Breakdown


Management Team

  • Pamela Verkler (59yo)

    Senior Executive VP

    • Tenure: 8.6yrs
    • Compensation: US$312.99k
  • Chip Hasselbring (63yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$424.23k
  • Thomas Chamberlain (54yo)

    Executive Vice President

    • Tenure: 9.1yrs
    • Compensation: US$271.69k
  • Terry Acree (65yo)

    Executive Vice President

    • Tenure: 0.0yrs
  • Beth Warren

    Corporate Secretary

    • Tenure: 0.0yrs
  • Linda Hamilton (63yo)

    Executive VP & COO

    • Tenure: 3.8yrs

Board Members

  • Joseph Cowan (59yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: US$40.53k
  • Alan Martin (68yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: US$40.53k
  • Gary Martin (70yo)

    Chairman of the Board

    • Tenure: 8.6yrs
    • Compensation: US$84.22k
  • Wayne Lehmann (65yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: US$40.53k
  • Frank Simutis (72yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: US$67.60k
  • Dennis Wittenborn (65yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: US$49.13k
  • Rodney Yergler (61yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: US$40.53k
  • Chip Hasselbring (63yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$424.23k

Company Information

IF Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IF Bancorp, Inc.
  • Ticker: IROQ
  • Exchange: NasdaqCM
  • Founded: 2011
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$73.429m
  • Shares outstanding: 3.35m
  • Website: https://www.iroquoisfed.com

Number of Employees


Location

  • IF Bancorp, Inc.
  • 201 East Cherry Street
  • Watseka
  • Illinois
  • 60970
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IROQNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJul 2011

Biography

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 clie ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:34
End of Day Share Price2019/08/20 00:00
Earnings2019/03/31
Annual Earnings2018/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.