Analysts expect that County Bancorp (NASDAQ:ICBK) will report $0.54 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for County Bancorp’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.54. County Bancorp reported earnings of $0.29 per share during the same quarter last year, which would indicate a positive year over year growth rate of 86.2%. The business is expected to announce its next quarterly earnings report on Thursday, July 19th.
According to Zacks, analysts expect that County Bancorp will report full-year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.15 to $2.26. For the next financial year, analysts forecast that the company will post earnings of $2.37 per share, with EPS estimates ranging from $2.34 to $2.41. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for County Bancorp.
County Bancorp (NASDAQ:ICBK) last announced its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. County Bancorp had a return on equity of 8.98% and a net margin of 18.63%. The company had revenue of $12.31 million during the quarter, compared to analysts’ expectations of $12.22 million.
ICBK has been the subject of several analyst reports. Zacks Investment Research raised County Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, February 14th. Maxim Group reaffirmed a “buy” rating and set a $35.00 target price on shares of County Bancorp in a research report on Tuesday, April 24th. Hovde Group reaffirmed a “hold” rating and set a $33.00 target price on shares of County Bancorp in a research report on Friday, March 16th. Finally, DA Davidson initiated coverage on County Bancorp in a research report on Friday, February 9th. They set a “neutral” rating and a $31.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. County Bancorp currently has a consensus rating of “Hold” and a consensus target price of $32.75.
Shares of County Bancorp traded up $0.16, reaching $27.97, during trading hours on Friday, according to MarketBeat Ratings. The stock had a trading volume of 3,459 shares, compared to its average volume of 4,624. The stock has a market capitalization of $185.85 million, a price-to-earnings ratio of 18.77, a PEG ratio of 1.56 and a beta of 0.36. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.06. County Bancorp has a 12 month low of $23.10 and a 12 month high of $33.94.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, June 7th. County Bancorp’s dividend payout ratio is currently 18.79%.
In other County Bancorp news, Director Wayne D. Mueller sold 5,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 95,000 shares in the company, valued at approximately $2,581,150. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Andrew Miller sold 1,285 shares of the stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $28.00, for a total value of $35,980.00. Following the sale, the insider now owns 28,087 shares of the company’s stock, valued at $786,436. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,959 shares of company stock valued at $218,908. 25.60% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP acquired a new stake in County Bancorp during the 3rd quarter worth about $268,000. Context BH Capital Management LP acquired a new stake in shares of County Bancorp in the 4th quarter valued at about $517,000. Wells Fargo & Company MN grew its stake in shares of County Bancorp by 47.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,313 shares of the financial services provider’s stock valued at $218,000 after buying an additional 2,365 shares during the period. Schwab Charles Investment Management Inc. acquired a new stake in shares of County Bancorp in the 3rd quarter valued at about $226,000. Finally, WoodTrust Financial Corp acquired a new stake in shares of County Bancorp in the 4th quarter valued at about $238,000. Hedge funds and other institutional investors own 25.74% of the company’s stock.
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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