County Bancorp (NASDAQ:ICBK) Stock Rating Lowered by ValuEngine

County Bancorp (NASDAQ:ICBK) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday, December 1st.

A number of other brokerages also recently issued reports on ICBK. Zacks Investment Research downgraded County Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Maxim Group restated a “buy” rating and set a $33.00 target price on shares of County Bancorp in a report on Monday, October 23rd.

Shares of County Bancorp (NASDAQ ICBK) traded down $0.58 during trading on Friday, reaching $32.14. 5,900 shares of the company’s stock were exchanged, compared to its average volume of 10,492. County Bancorp has a fifty-two week low of $20.85 and a fifty-two week high of $35.89. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $218.35, a P/E ratio of 19.36 and a beta of 0.46.

County Bancorp (NASDAQ:ICBK) last issued its earnings results on Friday, October 20th. The financial services provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.08. County Bancorp had a return on equity of 9.24% and a net margin of 19.80%. The firm had revenue of $12.05 million for the quarter, compared to analyst estimates of $11.97 million. equities research analysts predict that County Bancorp will post 1.65 EPS for the current year.

In other news, CFO Glen L. Stiteley bought 1,260 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were bought at an average cost of $30.00 per share, for a total transaction of $37,800.00. Following the completion of the transaction, the chief financial officer now owns 3,094 shares in the company, valued at $92,820. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 26.30% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of ICBK. Royce & Associates LP raised its position in County Bancorp by 45.9% in the 3rd quarter. Royce & Associates LP now owns 165,595 shares of the financial services provider’s stock worth $4,976,000 after purchasing an additional 52,100 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in County Bancorp during the third quarter worth $268,000. Schwab Charles Investment Management Inc. bought a new stake in County Bancorp in the third quarter valued at $226,000. Wells Fargo & Company MN increased its stake in County Bancorp by 73.3% in the third quarter. Wells Fargo & Company MN now owns 4,948 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 2,093 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in County Bancorp during the third quarter worth about $141,000. 27.61% of the stock is owned by institutional investors and hedge funds.

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About County Bancorp

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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