Shares of County Bancorp Inc. (NASDAQ:ICBK) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $25.50 for the company and are anticipating that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given County Bancorp an industry rank of 112 out of 265 based on the ratings given to related companies.
ICBK has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on County Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 24th. Zacks Investment Research raised County Bancorp from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a report on Thursday, August 25th. Finally, Stephens raised County Bancorp from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 2nd.
In related news, President Timothy J. Schneider sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $21.12, for a total value of $42,240.00. Following the completion of the transaction, the president now directly owns 129,558 shares in the company, valued at approximately $2,736,264.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wayne D. Mueller sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $20.19, for a total value of $201,900.00. Following the completion of the transaction, the director now owns 128,250 shares of the company’s stock, valued at $2,589,367.50. The disclosure for this sale can be found here. 30.00% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Teachers Advisors Inc. acquired a new position in shares of County Bancorp during the second quarter valued at about $162,000. California State Teachers Retirement System acquired a new position in shares of County Bancorp during the second quarter valued at about $208,000. Creative Planning acquired a new position in shares of County Bancorp during the second quarter valued at about $230,000. Schmidt P J Investment Management Inc. acquired a new position in shares of County Bancorp during the second quarter valued at about $322,000. Finally, BlackRock Investment Management LLC raised its position in shares of County Bancorp by 6,476.4% in the second quarter. BlackRock Investment Management LLC now owns 16,704 shares of the financial services provider’s stock valued at $344,000 after buying an additional 16,450 shares in the last quarter. Institutional investors and hedge funds own 22.23% of the company’s stock.
County Bancorp (NASDAQ:ICBK) opened at 19.75 on Tuesday. The stock has a 50 day moving average of $20.51 and a 200 day moving average of $20.71. The stock has a market capitalization of $128.95 million, a P/E ratio of 11.83 and a beta of 0.35. County Bancorp has a 52 week low of $18.12 and a 52 week high of $24.20.
County Bancorp (NASDAQ:ICBK) last released its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.18. County Bancorp had a return on equity of 11.40% and a net margin of 22.32%. On average, equities research analysts predict that County Bancorp will post $1.60 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. County Bancorp’s dividend payout ratio is presently 11.90%.
County Bancorp Company Profile
County Bancorp, Inc is a bank holding company. The Company’s primary activities consist of holding the stock of its subsidiary bank, Investors Community Bank (the Bank), and providing banking and related business activities through the Bank and its other subsidiaries. It operates in the community banking segment.
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