County Bancorp (NASDAQ:ICBK) Upgraded at TheStreet

County Bancorp (NASDAQ:ICBK) was upgraded by stock analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Tuesday, January 16th.

A number of other analysts have also commented on the company. Zacks Investment Research raised County Bancorp from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research note on Friday, January 12th. ValuEngine lowered County Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Maxim Group reiterated a “buy” rating and set a $35.00 target price on shares of County Bancorp in a research report on Friday, January 19th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $33.00.

County Bancorp (ICBK) traded up $0.85 on Tuesday, hitting $27.95. The company had a trading volume of 8,884 shares, compared to its average volume of 10,992. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $186.52, a price-to-earnings ratio of 18.76 and a beta of 0.35. County Bancorp has a fifty-two week low of $22.73 and a fifty-two week high of $35.89.

County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The company had revenue of $12.16 million for 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 8.10%. research analysts forecast that County Bancorp will post 2.21 earnings per share for the current fiscal year.

In other County Bancorp news, CFO Glen L. Stiteley bought 1,615 shares of County Bancorp stock in a transaction that occurred on Wednesday, January 24th. The shares were purchased at an average cost 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 approximately $157,561.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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 ICBK. SG Americas Securities LLC purchased a new position in County Bancorp during the third quarter worth about $141,000. Wells Fargo & Company MN lifted its position in County Bancorp by 73.3% during the third quarter. Wells Fargo & Company MN now owns 4,948 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,093 shares during the period. Teachers Advisors LLC lifted its position in County Bancorp by 15.4% during the second quarter. Teachers Advisors LLC now owns 9,038 shares of the financial services provider’s stock worth $217,000 after buying an additional 1,205 shares during the period. Schwab Charles Investment Management Inc. purchased a new position in shares of County Bancorp in the 3rd quarter worth about $226,000. Finally, WoodTrust Financial Corp purchased a new position in shares of County Bancorp in the 4th quarter worth about $238,000. Hedge funds and other institutional investors own 27.62% 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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