Shares of County Bancorp Inc (NASDAQ:ICBK) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.00.
A number of research analysts recently commented on ICBK shares. Zacks Investment Research raised shares of County Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. DA Davidson dropped their target price on shares of County Bancorp to $23.00 and set an “average” rating on the stock in a research report on Tuesday, February 12th. ValuEngine downgraded shares of County Bancorp from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 5th. Finally, Hovde Group downgraded shares of County Bancorp from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $22.00 to $20.00 in a research report on Friday, February 15th.
In other County Bancorp news, insider Mark Andrew Miller acquired 2,789 shares of the stock in a transaction on Wednesday, February 13th. The shares were bought at an average cost of $18.55 per share, with a total value of $51,735.95. Following the transaction, the insider now owns 27,354 shares of the company’s stock, valued at approximately $507,416.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $53,450 over the last three months. 25.60% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Banc Funds Co. LLC lifted its stake in shares of County Bancorp by 6.2% in the 4th quarter. Banc Funds Co. LLC now owns 289,731 shares of the financial services provider’s stock worth $5,091,000 after acquiring an additional 17,000 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of County Bancorp by 84.0% in the 4th quarter. Bank of New York Mellon Corp now owns 34,692 shares of the financial services provider’s stock worth $602,000 after acquiring an additional 15,835 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of County Bancorp by 26.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,106 shares of the financial services provider’s stock worth $905,000 after acquiring an additional 10,927 shares during the period. Royce & Associates LP lifted its stake in shares of County Bancorp by 7.2% in the 4th quarter. Royce & Associates LP now owns 125,795 shares of the financial services provider’s stock worth $2,185,000 after acquiring an additional 8,500 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of County Bancorp by 2.5% in the 4th quarter. BlackRock Inc. now owns 244,186 shares of the financial services provider’s stock worth $4,241,000 after acquiring an additional 6,040 shares during the period. 26.26% of the stock is currently owned by institutional investors.
NASDAQ ICBK opened at $17.08 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $113.06 million, a P/E ratio of 8.37, a P/E/G ratio of 1.03 and a beta of 0.74. County Bancorp has a 12 month low of $16.24 and a 12 month high of $29.10.
County Bancorp (NASDAQ:ICBK) last posted its earnings results on Monday, February 11th. The financial services provider reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.13). The company had revenue of $13.06 million during the quarter, compared to analysts’ expectations of $12.93 million. County Bancorp had a net margin of 19.51% and a return on equity of 10.23%. On average, research analysts forecast that County Bancorp will post 2.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, March 7th. County Bancorp’s payout ratio is currently 9.80%.
About County Bancorp
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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