County Bancorp (NASDAQ:ICBK) posted its quarterly earnings results on Thursday. The financial services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05, Bloomberg Earnings reports. County Bancorp had a return on equity of 8.03% and a net margin of 17.17%.
ICBK opened at $29.01 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.08 and a current ratio of 1.09. County Bancorp has a one year low of $22.73 and a one year high of $33.94. The stock has a market cap of $194.53, a PE ratio of 19.47, a PEG ratio of 1.69 and a beta of 0.35.
The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from County Bancorp’s previous quarterly dividend of $0.06. County Bancorp’s payout ratio is 18.79%.
In other news, CFO Glen L. Stiteley bought 1,615 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were acquired at an average price of $30.84 per share, for a total transaction of $49,806.60. Following the completion of the transaction, the chief financial officer now owns 5,109 shares of the company’s stock, valued at $157,561.56. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Wayne D. Mueller sold 5,000 shares of County Bancorp stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.17, for a total value of $135,850.00. Following the sale, the director now owns 95,000 shares in the company, valued at approximately $2,581,150. The disclosure for this sale can be found here. 25.60% of the stock is currently owned by insiders.
An institutional investor recently raised its position in County Bancorp stock. State Street Corp lifted its position in shares of County Bancorp (NASDAQ:ICBK) by 12.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,821 shares of the financial services provider’s stock after purchasing an additional 7,323 shares during the period. State Street Corp owned about 0.98% of County Bancorp worth $1,557,000 at the end of the most recent reporting period. Institutional investors own 26.14% of the company’s stock.
ICBK has been the topic of a number of analyst reports. TheStreet upgraded County Bancorp from a “c” rating to a “b-” rating in a research note on Tuesday, January 16th. Maxim Group restated a “buy” rating and issued a $35.00 price target on shares of County Bancorp in a research note on Friday, January 19th. Zacks Investment Research upgraded County Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, February 14th. Hovde Group restated a “hold” rating and issued a $33.00 price target on shares of County Bancorp in a research note on Friday, March 16th. Finally, DA Davidson initiated coverage on County Bancorp in a research note on Friday, February 9th. They issued a “neutral” rating and a $31.00 price target on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.20.
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County Bancorp Company Profile
County Bancorp, Inc operates as the bank holding company for Investors Community Bank that provides a range of banking and related financial services to individuals, businesses, and industries 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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