A number of other brokerages have also recently issued reports on ICBK. Maxim Group reiterated a “buy” rating and issued a $23.00 target price on shares of County Bancorp in a report on Friday, July 19th. Zacks Investment Research cut County Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. County Bancorp has a consensus rating of “Hold” and an average target price of $21.20.
Shares of ICBK opened at $19.14 on Thursday. County Bancorp has a 12-month low of $16.24 and a 12-month high of $25.97. The business’s fifty day moving average is $18.63 and its 200 day moving average is $17.85. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The stock has a market cap of $128.77 million, a P/E ratio of 9.38 and a beta of 0.70.
County Bancorp (NASDAQ:ICBK) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. County Bancorp had a return on equity of 9.38% and a net margin of 17.66%. The company had revenue of $13.32 million for the quarter, compared to analysts’ expectations of $12.59 million. On average, analysts expect that County Bancorp will post 2.08 EPS for the current year.
In related news, Director Jacob Eisen acquired 1,500 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were acquired at an average cost of $17.36 per share, for a total transaction of $26,040.00. Following the purchase, the director now owns 5,649 shares in the company, valued at $98,066.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patrick J. Roe acquired 4,876 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were bought at an average price of $17.20 per share, for a total transaction of $83,867.20. Following the completion of the purchase, the director now owns 12,157 shares in the company, valued at approximately $209,100.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 10,328 shares of company stock worth $180,177. Company insiders own 23.30% of the company’s stock.
Large investors have recently modified their holdings of the business. Acadian Asset Management LLC lifted its stake in County Bancorp by 38.6% during the 2nd quarter. Acadian Asset Management LLC now owns 5,250 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 1,462 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of County Bancorp during the 2nd quarter worth $408,000. Advisor Group Inc. bought a new stake in shares of County Bancorp during the 2nd quarter worth $285,000. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of County Bancorp during the 3rd quarter worth $568,000. Finally, Paloma Partners Management Co bought a new stake in shares of County Bancorp during the 2nd quarter worth $395,000. Institutional investors and hedge funds own 27.10% of the company’s stock.
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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