Wall Street brokerages forecast that County Bancorp Inc (NASDAQ:ICBK) will report earnings of $0.51 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for County Bancorp’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.53. County Bancorp reported earnings per share of $0.52 during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.9%. The company is expected to issue its next quarterly earnings report on Friday, October 19th.
On average, analysts expect that County Bancorp will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.20. For the next year, analysts anticipate that the firm will report earnings of $2.21 per share, with EPS estimates ranging from $2.03 to $2.31. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow County Bancorp.
County Bancorp (NASDAQ:ICBK) last posted its earnings results on Thursday, July 19th. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $12.65 million during the quarter, compared to analyst estimates of $12.53 million. County Bancorp had a return on equity of 10.15% and a net margin of 20.40%.
A number of analysts have weighed in on the company. Zacks Investment Research lowered County Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. ValuEngine upgraded County Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Sandler O’Neill assumed coverage on County Bancorp in a report on Wednesday, August 8th. They set a “hold” rating and a $28.00 target price for the company. Maxim Group lowered their target price on County Bancorp from $35.00 to $32.00 and set a “buy” rating for the company in a report on Friday, July 20th. Finally, FIG Partners restated a “market-perform” rating on shares of County Bancorp in a report on Thursday, August 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.20.
County Bancorp stock traded down $0.18 during mid-day trading on Thursday, reaching $24.32. 2,000 shares of the company were exchanged, compared to its average volume of 7,053. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 1.11. The firm has a market cap of $167.26 million, a P/E ratio of 16.32, a P/E/G ratio of 1.46 and a beta of 0.25. County Bancorp has a 12-month low of $24.29 and a 12-month high of $33.94.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.15%. County Bancorp’s dividend payout ratio is currently 18.79%.
In other news, President Timothy J. Schneider sold 2,830 shares of the company’s stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $28.23, for a total transaction of $79,890.90. Following the transaction, the president now directly owns 105,712 shares of the company’s stock, valued at $2,984,249.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Rick Dercks sold 1,000 shares of the company’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $27.73, for a total value of $27,730.00. Following the transaction, the director now directly owns 19,680 shares in the company, valued at $545,726.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,830 shares of company stock valued at $299,531. 25.60% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of ICBK. Wells Fargo & Company MN increased its position in shares of County Bancorp by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 7,313 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 2,365 shares in the last quarter. Strs Ohio increased its position in shares of County Bancorp by 37.3% during the second quarter. Strs Ohio now owns 8,100 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 2,200 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of County Bancorp by 41.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 10,600 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 3,100 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of County Bancorp by 58.3% during the second quarter. Renaissance Technologies LLC now owns 16,700 shares of the financial services provider’s stock worth $459,000 after purchasing an additional 6,148 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of County Bancorp by 92.7% during the fourth quarter. Deutsche Bank AG now owns 15,976 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 7,685 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.
County Bancorp Company Profile
County Bancorp, Inc operates as the bank holding company for Investors Community Bank that provides a range of banking and related financial services to individuals, businesses, and industries in northeastern and central Wisconsin. The company accepts demand interest bearing and noninterest bearing, money market deposit, NOW, checking, and savings accounts, as well as time deposits.
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