County Bancorp (NASDAQ:ICBK) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Tuesday.
Several other brokerages have also recently issued reports on ICBK. ValuEngine cut County Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Maxim Group restated a “buy” rating and issued a $35.00 price target on shares of County Bancorp in a research report on Friday. Finally, Zacks Investment Research upgraded County Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.33.
Shares of County Bancorp (ICBK) traded down $0.39 during mid-day trading on Tuesday, reaching $31.06. The company had a trading volume of 13,632 shares, compared to its average volume of 19,623. The firm has a market cap of $207.28 and a PE ratio of 18.49. County Bancorp has a 1 year low of $22.73 and a 1 year 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.
County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.02). The company had revenue of $12.16 million during the quarter, compared to analyst estimates of $11.97 million. County Bancorp had a net margin of 19.80% and a return on equity of 9.24%. equities research analysts predict that County Bancorp will post 1.5 earnings per share for the current year.
In other County Bancorp news, CFO Glen L. Stiteley bought 1,260 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were bought at an average price of $30.00 per share, for a total transaction of $37,800.00. Following the transaction, the chief financial officer now owns 3,094 shares of the company’s stock, valued at approximately $92,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 26.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP increased its position in County Bancorp by 45.9% during 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 period. Dimensional Fund Advisors LP acquired a new position in County Bancorp during the 3rd quarter worth approximately $268,000. Schwab Charles Investment Management Inc. acquired a new position in County Bancorp during the 3rd quarter worth approximately $226,000. Wells Fargo & Company MN increased its position in County Bancorp by 73.3% during the 3rd quarter. Wells Fargo & Company MN now owns 4,948 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 2,093 shares during the period. Finally, SG Americas Securities LLC acquired a new position in County Bancorp during the 3rd quarter worth approximately $141,000. Institutional investors own 27.61% of the company’s stock.
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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.
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