County Bancorp (NASDAQ:ICBK) Director Edson P. Foster sold 706 shares of County Bancorp stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $27.87, for a total value of $19,676.22. Following the transaction, the director now directly owns 32,551 shares in the company, valued at $907,196.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of County Bancorp traded down $0.06, reaching $27.86, during midday trading on Thursday, MarketBeat.com reports. The company had a trading volume of 27 shares, compared to its average volume of 4,921. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.01. County Bancorp has a 1-year low of $23.30 and a 1-year high of $33.94. The firm has a market capitalization of $186.05 million, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36.
County Bancorp (NASDAQ:ICBK) last released its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.58 earnings per share 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 business had revenue of $12.31 million during the quarter, compared to analyst estimates of $12.22 million. equities analysts predict that County Bancorp will post 2.22 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in ICBK. Wells Fargo & Company MN boosted its position 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 worth $149,000 after acquiring an additional 2,093 shares during the period. Schwab Charles Investment Management Inc. acquired a new stake in County Bancorp during the 3rd quarter worth about $226,000. WoodTrust Financial Corp acquired a new stake in County Bancorp during the 4th quarter worth about $238,000. Dimensional Fund Advisors LP acquired a new stake in County Bancorp during the 3rd quarter worth about $268,000. Finally, Deutsche Bank AG boosted its position in County Bancorp by 92.7% during the 4th quarter. Deutsche Bank AG now owns 15,976 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 7,685 shares during the period. Hedge funds and other institutional investors own 25.74% of the company’s stock.
ICBK has been the subject of a number of recent analyst reports. Zacks Investment Research lowered County Bancorp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 14th. Hovde Group reiterated a “hold” rating and issued a $33.00 price target on shares of County Bancorp in a research report on Friday, March 16th. DA Davidson initiated coverage on County Bancorp in a research report on Friday, February 9th. They issued a “neutral” rating and a $31.00 price target for the company. Finally, Maxim Group reiterated a “buy” rating and issued a $35.00 price target on shares of County Bancorp in a research report on Tuesday, April 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $32.75.
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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