IF Bancorp
Market Cap
US$76.6m
Last Updated
2020/01/24 00:17 UTC
Data Sources
Company Financials
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 services to individual and corporate clients.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record.
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
Stable Share Price: IROQ has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.0%
IROQ
-0.7%
US Mortgage
-0.09%
US Market
1 Year Return
17.3%
IROQ
15.4%
US Mortgage
23.9%
US Market
Return vs Industry: IROQ exceeded the US Mortgage industry which returned 16% over the past year.
Return vs Market: IROQ underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| IROQ | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | -0.7% | -0.09% |
| 30 Day | -1.2% | -0.9% | 3.1% |
| 90 Day | 9.7% | -0.3% | 10.4% |
| 1 Year | 18.9%17.3% | 17.9%15.4% | 26.6%23.9% |
| 3 Year | 26.5%22.6% | 26.2%17.5% | 50.9%41.2% |
| 5 Year | 47.7%41.0% | 73.1%54.4% | 78.1%58.5% |
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
2 days ago | Simply Wall St
Read This Before You Buy IF Bancorp, Inc. (NASDAQ:IROQ) Because Of Its P/E Ratio3 weeks ago | Simply Wall St
Do You Know What IF Bancorp, Inc.'s (NASDAQ:IROQ) P/E Ratio Means?1 month ago | Simply Wall St
Does IF Bancorp, Inc.'s (NASDAQ:IROQ) P/E Ratio Signal A Buying Opportunity?Valuation
Is IF Bancorp undervalued compared to its fair value and its price relative to the market?
21.41x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IROQ ($22.9) is trading above our estimate of fair value ($9.99)
Significantly Below Fair Value: IROQ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IROQ is poor value based on its PE Ratio (20.9x) compared to the Mortgage industry average (14.2x).
PE vs Market: IROQ is poor value based on its PE Ratio (20.9x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IROQ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IROQ is good value based on its PB Ratio (1x) compared to the US Mortgage industry average (1.1x).
Next Steps
Future Growth
How is IF Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
9.0%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IF Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Check out IF Bancorp's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Explore growth companies in the Banks industry.
Past Performance
How has IF Bancorp performed over the past 5 years?
-5.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IROQ has high quality earnings.
Growing Profit Margin: IROQ's current net profit margins (17.1%) are higher than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: IROQ's earnings have declined by -5% per year over the past 5 years.
Accelerating Growth: IROQ's earnings growth over the past year (119.4%) exceeds its 5-year average (-5% per year).
Earnings vs Industry: IROQ earnings growth over the past year (119.4%) exceeded the Mortgage industry 23.1%.
Return on Equity
High ROE: IROQ's Return on Equity (4.8%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: IROQ has a low level of unsold assets or inventory.
Debt Coverage by Assets: IROQ's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: IROQ's level of assets compared to its equity is low.
Allowance for Bad Loans: IROQ has a sufficient allowance for bad loans.
Low Risk Liabilities: IROQ's liabilities are made up of primarily low risk sources of funding.
Loan Level: IROQ has an acceptable proportion of non-loan assets held.
Low Risk Deposits: IROQ's loans are broadly funded by customer deposits.
Level of Bad Loans: IROQ has an appropriate level of bad loans (0.19%)
Next Steps
Dividend
What is IF Bancorp's current dividend yield, its reliability and sustainability?
1.28%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: IROQ's dividend (1.31%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: IROQ's dividend (1.31%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, IROQ has been paying a dividend for less than 10 years.
Growing Dividend: IROQ's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.1%), IROQ's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of IF Bancorp's salary, the management and board of directors tenure and is there insider trading?
6.6yrs
Average management tenure
CEO
Chip Hasselbring (63yo)
4.3yrs
Tenure
US$548,418
Compensation
Mr. Walter H. Hasselbring III, also known as Chip, has been Chief Executive Officer and President at IF Bancorp, Inc. and Iroquois Federal since October 1, 2015. Mr. Hasselbring served as the Chief Operati ...
CEO Compensation Analysis
Compensation vs Market: Chip's total compensation ($USD548.42K) is about average for companies of similar size in the US market ($USD519.76K).
Compensation vs Earnings: Chip's compensation has increased by more than 20% in the past year.
Management Age and Tenure
6.6yrs
Average Tenure
61yo
Average Age
Experienced Management: IROQ's management team is seasoned and experienced (6.6 years average tenure).
Board Age and Tenure
9.0yrs
Average Tenure
65yo
Average Age
Experienced Board: IROQ's board of directors are considered experienced (9 years average tenure).
Insider Trading
Insider Buying: IROQ insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President |
| Shares | 200 |
| Max Price | US$21.50 |
| Entity | Company |
| Shares | 198,425 |
| Max Price | US$22.53 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Pamela Verkler (59yo)
Senior Executive VP
- Tenure: 9yrs
- Compensation: US$386.48k
Chip Hasselbring (63yo)
President
- Tenure: 4.3yrs
- Compensation: US$548.42k
Thomas Chamberlain (54yo)
Executive Vice President
- Tenure: 9.5yrs
- Compensation: US$328.14k
Beth Warren
Corporate Secretary
Linda Hamilton (63yo)
Executive VP & COO
- Tenure: 4.3yrs
Board Members
Joseph Cowan (59yo)
Independent Director
- Tenure: 9yrs
- Compensation: US$42.15k
Alan Martin (68yo)
Independent Director
- Tenure: 9yrs
- Compensation: US$42.15k
Gary Martin (70yo)
Independent Chairman of the Board
- Tenure: 9yrs
- Compensation: US$87.59k
Wayne Lehmann (65yo)
Independent Director
- Tenure: 9yrs
- Compensation: US$42.15k
Dennis Wittenborn (65yo)
Independent Director
- Tenure: 9yrs
- Compensation: US$51.10k
Rodney Yergler (61yo)
Independent Director
- Tenure: 9yrs
- Compensation: US$42.15k
Chip Hasselbring (63yo)
President
- Tenure: 4.3yrs
- Compensation: US$548.42k
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: 1883
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$76.648m
- Shares outstanding: 3.27m
- Website: https://www.iroquoisfed.com
Number of Employees
Location
- IF Bancorp, Inc.
- 201 East Cherry Street
- Watseka
- Illinois
- 60970
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IROQ | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Jul 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 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 also 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 consisting of automobile loans, as well as construction loans and land development loans. In addition, the company sells property and casualty insurance, as well as offers annuities; mutual funds; individual and group retirement plans; life, disability, and health insurance; individual securities; managed accounts; and other financial services. Further, it invests in securities; and provides ATM, online banking and bill pay, mobile banking, ACH origination, remote deposit capture, and telephone banking services. As of September 13, 2019, it operated a network of seven full-service banking offices located in Watseka, Danville, Clifton, Hoopeston, Savoy, Champaign, and Bourbonnais, Illinois; and a loan production and wealth management office in Osage Beach, Missouri. IF Bancorp, Inc. was founded in 1883 and is headquartered in Watseka, Illinois.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/24 00:17 |
| End of Day Share Price | 2020/01/23 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/06/30 |
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.