Schmidt P J Investment Management Inc. Reduces Stake in County Bancorp Inc (ICBK)

Schmidt P J Investment Management Inc. decreased its holdings in County Bancorp Inc (NASDAQ:ICBK) by 26.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,555 shares of the financial services provider’s stock after selling 3,119 shares during the period. Schmidt P J Investment Management Inc. owned about 0.13% of County Bancorp worth $255,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ICBK. WoodTrust Financial Corp acquired a new position in shares of County Bancorp in the fourth quarter valued at approximately $238,000. Royce & Associates LP grew its position in shares of County Bancorp by 45.9% in the third quarter. Royce & Associates LP now owns 165,595 shares of the financial services provider’s stock valued at $4,976,000 after purchasing an additional 52,100 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of County Bancorp in the third quarter valued at approximately $268,000. Schwab Charles Investment Management Inc. acquired a new position in shares of County Bancorp in the third quarter valued at approximately $226,000. Finally, Wells Fargo & Company MN grew its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 27.42% of the company’s stock.

Shares of County Bancorp Inc (ICBK) traded down $0.11 during trading hours on Wednesday, reaching $27.90. The company had a trading volume of 2,200 shares, compared to its average volume of 12,248. The firm has a market capitalization of $186.92, a P/E ratio of 18.72, a P/E/G ratio of 1.63 and a beta of 0.35. County Bancorp Inc has a 1-year low of $22.73 and a 1-year high of $35.89. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.09.

County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). County Bancorp had a return on equity of 8.10% and a net margin of 19.80%. The company had revenue of $12.16 million for the quarter, compared to analyst estimates of $11.97 million. sell-side analysts predict that County Bancorp Inc will post 2.15 EPS for the current fiscal year.

In other County Bancorp news, CFO Glen L. Stiteley bought 1,615 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was purchased at an average cost of $30.84 per share, for a total transaction of $49,806.60. Following the completion of the purchase, the chief financial officer now directly owns 5,109 shares of the company’s stock, valued at $157,561.56. The acquisition was disclosed in a filing with the SEC, which is available at this link. 26.30% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on ICBK shares. Zacks Investment Research raised County Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday. Maxim Group reaffirmed a “buy” rating and issued a $33.00 target price on shares of County Bancorp in a research report on Monday, October 23rd. TheStreet raised County Bancorp from a “c” rating to a “b-” rating in a research report on Tuesday, January 16th. DA Davidson started coverage on County Bancorp in a research report on Friday, February 9th. They set a “neutral” rating and a $31.00 price target on the stock. Finally, ValuEngine downgraded County Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $32.40.

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County Bancorp Profile

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.

Institutional Ownership by Quarter for County Bancorp (NASDAQ:ICBK)

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