County Bancorp Inc (NASDAQ:ICBK) has been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $22.40.
Several equities analysts recently weighed in on ICBK shares. DA Davidson dropped their price target on shares of County Bancorp to $23.00 and set an “average” rating on the stock in a research report on Tuesday, February 12th. Zacks Investment Research raised shares of County Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, May 1st. Sandler O’Neill raised shares of County Bancorp from a “hold” rating to a “buy” rating and raised their price target for the company from $18.00 to $20.00 in a research report on Monday, April 22nd. Hovde Group cut shares of County Bancorp from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $22.00 to $20.00 in a research report on Friday, February 15th. Finally, FIG Partners reaffirmed a “market-perform” rating on shares of County Bancorp in a research report on Thursday, April 25th.
Shares of NASDAQ ICBK opened at $17.69 on Monday. County Bancorp has a fifty-two week low of $16.24 and a fifty-two week high of $28.97. The stock has a market capitalization of $116.28 million, a P/E ratio of 8.67, a price-to-earnings-growth ratio of 1.06 and a beta of 0.74. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.97.
County Bancorp (NASDAQ:ICBK) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. County Bancorp had a net margin of 18.32% and a return on equity of 9.76%. The business had revenue of $13.31 million for the quarter, compared to analysts’ expectations of $12.77 million. As a group, sell-side analysts expect that County Bancorp will post 2.11 earnings per share for the current year.
In other news, Director Patrick J. Roe bought 4,357 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average price of $17.51 per share, with a total value of $76,291.07. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders have acquired 5,712 shares of company stock worth $101,107 and have sold 3,000 shares worth $54,420. 23.30% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of County Bancorp by 0.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 182,527 shares of the financial services provider’s stock worth $3,212,000 after buying an additional 699 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of County Bancorp by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 53,370 shares of the financial services provider’s stock worth $939,000 after purchasing an additional 1,264 shares during the period. Northern Trust Corp raised its holdings in shares of County Bancorp by 2.6% in the 1st quarter. Northern Trust Corp now owns 52,439 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 1,309 shares during the period. Associated Banc Corp raised its holdings in shares of County Bancorp by 10.0% in the 1st quarter. Associated Banc Corp now owns 22,000 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 2,000 shares during the period. Finally, Strs Ohio raised its holdings in shares of County Bancorp by 28.6% in the 4th quarter. Strs Ohio now owns 9,900 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 2,200 shares during the period. 26.36% of the stock is currently owned by hedge funds and other institutional investors.
About County Bancorp
County Bancorp, Inc operates as the bank holding company for Investors Community Bank that provides a range of consumer and commercial banking services to individuals, businesses, and industries primarily 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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