Advisor Group Holdings Inc. Boosts Stake in County Bancorp, Inc. (NASDAQ:ICBK)

Advisor Group Holdings Inc. increased its stake in shares of County Bancorp, Inc. (NASDAQ:ICBK) by 86.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,806 shares of the financial services provider’s stock after purchasing an additional 5,946 shares during the period. Advisor Group Holdings Inc. owned approximately 0.21% of County Bancorp worth $435,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its position in shares of County Bancorp by 116.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,295 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 1,233 shares during the period. Barclays PLC boosted its position in shares of County Bancorp by 154.3% during the 1st quarter. Barclays PLC now owns 4,020 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 2,439 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of County Bancorp during the 1st quarter worth approximately $380,000. Renaissance Technologies LLC boosted its position in shares of County Bancorp by 56.5% during the 1st quarter. Renaissance Technologies LLC now owns 49,605 shares of the financial services provider’s stock worth $1,189,000 after purchasing an additional 17,910 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of County Bancorp by 10.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 193,669 shares of the financial services provider’s stock worth $4,642,000 after purchasing an additional 18,308 shares during the period. 24.32% of the stock is owned by hedge funds and other institutional investors.

County Bancorp stock opened at $35.67 on Friday. The stock has a market cap of $214.98 million, a P/E ratio of 12.26 and a beta of 1.01. The company has a fifty day simple moving average of $35.19 and a 200-day simple moving average of $29.22. County Bancorp, Inc. has a 12-month low of $17.04 and a 12-month high of $37.24. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.93.

County Bancorp (NASDAQ:ICBK) last released its quarterly earnings data on Wednesday, July 21st. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.45. The business had revenue of $13.69 million during the quarter, compared to analysts’ expectations of $13.08 million. County Bancorp had a net margin of 26.55% and a return on equity of 11.44%. As a group, sell-side analysts forecast that County Bancorp, Inc. will post 2.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 17th. Investors of record on Friday, September 3rd were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, September 2nd. This represents a $0.40 annualized dividend and a yield of 1.12%. County Bancorp’s dividend payout ratio is currently 25.64%.

Several equities analysts have commented on ICBK shares. Maxim Group set a $33.34 price target on shares of County Bancorp in a research report on Saturday, July 24th. Zacks Investment Research cut shares of County Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 28th. Piper Sandler cut shares of County Bancorp from an “overweight” rating to a “neutral” rating and raised their price target for the company from $26.50 to $37.50 in a research report on Wednesday, June 23rd. Finally, DA Davidson raised their price target on shares of County Bancorp from $26.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, June 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.97.

County Bancorp Profile

County Bancorp, Inc is a bank holding company, which engages in the provision of banking and financial services. The company was founded by William C. Censky, Timothy J. Schneider, Wayne D. Mueller and Mark R. Binversie in May 1996 and is headquartered in Manitowoc, WI.

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Institutional Ownership by Quarter for County Bancorp (NASDAQ:ICBK)

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