County Bancorp (NASDAQ:ICBK)‘s stock had its “hold” rating reiterated by investment analysts at Hovde Group in a research note issued to investors on Friday. They currently have a $33.00 price target on the financial services provider’s stock. Hovde Group’s target price indicates a potential upside of 8.37% from the company’s previous close.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut County Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. 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 target price on shares of County Bancorp in a research report on Friday, January 19th. DA Davidson assumed coverage on County Bancorp in a research report on Friday, February 9th. They issued a “neutral” rating and a $31.00 target price on the stock. Finally, TheStreet upgraded County Bancorp from a “c” rating to a “b-” rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. County Bancorp currently has a consensus rating of “Hold” and a consensus price target of $32.20.
Shares of County Bancorp (NASDAQ ICBK) opened at $30.45 on Friday. County Bancorp has a 1 year low of $22.73 and a 1 year high of $34.40. 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 $204.11, a P/E ratio of 20.44, a P/E/G ratio of 1.77 and a beta of 0.45.
County Bancorp (NASDAQ:ICBK) last posted its earnings results on Friday, January 19th. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). County Bancorp had a net margin of 19.80% and a return on equity of 8.10%. The business had revenue of $12.16 million during the quarter, compared to analyst estimates of $11.97 million. equities analysts anticipate that County Bancorp will post 2.15 earnings per share for the current year.
In other County Bancorp news, Director Wayne D. Mueller sold 5,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.17, for a total transaction of $135,850.00. Following the completion of the transaction, the director now directly owns 95,000 shares of the company’s stock, valued at approximately $2,581,150. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Glen L. Stiteley purchased 1,615 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were purchased at an average cost of $30.84 per share, with a total value of $49,806.60. Following the completion of the purchase, the chief financial officer now owns 5,109 shares in the company, valued at approximately $157,561.56. The disclosure for this purchase can be found here. Company insiders own 26.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in County Bancorp during the 3rd quarter valued at $141,000. Wells Fargo & Company MN boosted its stake 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 valued at $149,000 after purchasing an additional 2,093 shares in the last quarter. Teachers Advisors LLC boosted its stake in County Bancorp by 15.4% during the 2nd quarter. Teachers Advisors LLC now owns 9,038 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 1,205 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new position in County Bancorp during the 3rd quarter valued at $226,000. Finally, WoodTrust Financial Corp bought a new position in County Bancorp during the 4th quarter valued at $238,000. 26.18% of the stock is owned by hedge funds and other institutional investors.
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County Bancorp Company 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.
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