County Bancorp Inc (NASDAQ:ICBK) – Research analysts at DA Davidson issued their Q3 2020 earnings per share estimates for shares of County Bancorp in a research note issued to investors on Tuesday, July 28th. DA Davidson analyst J. Rulis anticipates that the financial services provider will earn $0.30 per share for the quarter.
ICBK has been the subject of a number of other reports. ValuEngine downgraded shares of County Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 24th. Hovde Group downgraded shares of County Bancorp from an “outperform” rating to a “market perform” rating and set a $23.00 price target for the company. in a research note on Monday, July 6th. Maxim Group reaffirmed a “buy” rating and set a $25.00 price objective on shares of County Bancorp in a research note on Monday, June 22nd. Piper Sandler boosted their price target on shares of County Bancorp from $17.00 to $21.50 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Zacks Investment Research cut shares of County Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $24.50.
ICBK opened at $18.56 on Friday. The company has a fifty day moving average price of $20.84 and a 200-day moving average price of $21.53. The firm has a market capitalization of $119.71 million, a P/E ratio of 11.79 and a beta of 0.88. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.00 and a quick ratio of 0.99. County Bancorp has a one year low of $13.55 and a one year high of $27.98.
County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.20. County Bancorp had a net margin of 8.87% and a return on equity of 7.18%. The company had revenue of $12.27 million during the quarter, compared to analyst estimates of $11.72 million.
In other County Bancorp news, President Timothy J. Schneider sold 3,000 shares of County Bancorp stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $20.00, for a total value of $60,000.00. Following the completion of the transaction, the president now directly owns 113,547 shares of the company’s stock, valued at approximately $2,270,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 24.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in ICBK. BlackRock Inc. raised its holdings in shares of County Bancorp by 18.4% in the 1st quarter. BlackRock Inc. now owns 14,950 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 2,320 shares in the last quarter. Acadian Asset Management LLC lifted its stake in County Bancorp by 16.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,454 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 1,172 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of County Bancorp in the 1st quarter valued at $108,000. Geode Capital Management LLC lifted its stake in shares of County Bancorp by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 43,630 shares of the financial services provider’s stock valued at $807,000 after purchasing an additional 692 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new position in shares of County Bancorp in the 1st quarter valued at $136,000. Institutional investors own 23.43% 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 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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