County Bancorp Inc (NASDAQ:ICBK) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 6,500 shares, a decrease of 23.5% from the August 30th total of 8,500 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is presently 1.1 days.
In other news, Director Jacob Eisen bought 1,500 shares of County Bancorp stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of $17.36 per share, with a total value of $26,040.00. Following the completion of the acquisition, the director now directly owns 5,649 shares of the company’s stock, valued at $98,066.64. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Patrick J. Roe bought 4,876 shares of County Bancorp stock in a transaction on Thursday, July 18th. The shares were purchased at an average cost of $17.20 per share, with a total value of $83,867.20. Following the acquisition, the director now directly owns 12,157 shares of the company’s stock, valued at $209,100.40. The disclosure for this purchase can be found here. Insiders purchased a total of 10,328 shares of company stock valued at $180,177 in the last ninety days. 23.30% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of ICBK. Advisor Group Inc. purchased a new stake in shares of County Bancorp in the second quarter valued at approximately $285,000. Acadian Asset Management LLC grew its position in shares of County Bancorp by 38.6% in the second quarter. Acadian Asset Management LLC now owns 5,250 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 1,462 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in County Bancorp in the second quarter worth approximately $718,000. Renaissance Technologies LLC grew its position in County Bancorp by 80.5% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the financial services provider’s stock worth $808,000 after acquiring an additional 21,100 shares during the period. Finally, Ancora Advisors LLC purchased a new position in County Bancorp in the second quarter worth approximately $408,000. Institutional investors and hedge funds own 27.10% of the company’s stock.
A number of equities analysts have commented on ICBK shares. Zacks Investment Research cut County Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. ValuEngine raised County Bancorp from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Maxim Group reissued a “buy” rating and set a $23.00 target price on shares of County Bancorp in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. County Bancorp presently has an average rating of “Hold” and an average price target of $21.20.
Shares of ICBK stock traded up $0.01 during trading hours on Friday, reaching $19.14. The company had a trading volume of 2,727 shares, compared to its average volume of 3,994. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.04. The stock has a fifty day moving average of $18.63 and a 200-day moving average of $17.85. The company has a market capitalization of $128.91 million, a price-to-earnings ratio of 9.38 and a beta of 0.70. County Bancorp has a 12-month low of $16.24 and a 12-month high of $25.97.
County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $13.32 million during the quarter, compared to analyst estimates of $12.59 million. County Bancorp had a return on equity of 9.38% and a net margin of 17.66%. On average, analysts forecast that County Bancorp will post 2.08 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a $0.05 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.04%. County Bancorp’s dividend payout ratio (DPR) is presently 9.80%.
County Bancorp Company Profile
County Bancorp, Inc operates as the bank holding company for Investors Community Bank that provides a range of consumer and commercial banking services to individuals, businesses, and industries primarily 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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