County Bancorp (ICBK) Releases Quarterly Earnings Results

County Bancorp (NASDAQ:ICBK) announced its earnings results on Thursday. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02), Bloomberg Earnings reports. County Bancorp had a net margin of 19.80% and a return on equity of 9.24%. The company had revenue of $12.16 million during the quarter, compared to analysts’ expectations of $11.97 million.

Shares of County Bancorp (NASDAQ:ICBK) opened at $31.45 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $205.07, a P/E ratio of 18.61 and a beta of 0.46. County Bancorp has a 1-year low of $22.73 and a 1-year high of $35.89.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.24 annualized dividend and a dividend yield of 0.76%. County Bancorp’s dividend payout ratio is currently 14.20%.

In other County Bancorp news, CFO Glen L. Stiteley purchased 1,260 shares of County Bancorp stock in a transaction dated Tuesday, October 24th. The stock was acquired at an average cost of $30.00 per share, with a total value of $37,800.00. Following the acquisition, the chief financial officer now directly owns 3,094 shares of the company’s stock, valued at $92,820. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 26.30% of the stock is owned by company insiders.

An institutional investor recently raised its position in County Bancorp stock. State Street Corp grew its holdings in County Bancorp Inc (NASDAQ:ICBK) by 12.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,821 shares of the financial services provider’s stock after buying an additional 7,323 shares during the quarter. State Street Corp owned about 0.98% of County Bancorp worth $1,557,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 27.61% of the company’s stock.

Several research analysts have weighed in on ICBK shares. Zacks Investment Research upgraded County Bancorp from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Monday, October 23rd. ValuEngine downgraded County Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Maxim Group reiterated a “buy” rating and issued a $33.00 target price on shares of County Bancorp in a research note on Monday, October 23rd. Finally, TheStreet upgraded County Bancorp from a “c” rating to a “b-” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $33.33.

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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.

Earnings History for County Bancorp (NASDAQ:ICBK)

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