County Bancorp Inc. (NASDAQ:ICBK) President Timothy J. Schneider sold 2,000 shares of County Bancorp stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $20.61, for a total value of $41,220.00. Following the sale, the president now directly owns 125,558 shares in the company, valued at approximately $2,587,750.38. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of County Bancorp Inc. (NASDAQ:ICBK) opened at 21.00 on Friday. County Bancorp Inc. has a 52 week low of $17.25 and a 52 week high of $24.20. The firm has a market cap of $137.11 million, a price-to-earnings ratio of 12.57 and a beta of 0.34. The company has a 50-day moving average price of $20.64 and a 200 day moving average price of $20.63.
County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.37 by $0.18. County Bancorp had a return on equity of 11.40% and a net margin of 22.32%. Analysts expect that County Bancorp Inc. will post $1.60 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.20 annualized dividend and a yield of 0.95%. County Bancorp’s dividend payout ratio (DPR) is presently 11.90%.
A number of hedge funds and other institutional investors have recently modified their holdings of ICBK. State Street Corp bought a new position in shares of County Bancorp during the second quarter valued at approximately $758,000. Teachers Advisors Inc. bought a new position in shares of County Bancorp during the second quarter valued at approximately $162,000. BlackRock Institutional Trust Company N.A. bought a new position in shares of County Bancorp during the second quarter valued at approximately $592,000. BlackRock Fund Advisors boosted its position in shares of County Bancorp by 15,267.2% in the second quarter. BlackRock Fund Advisors now owns 113,871 shares of the financial services provider’s stock valued at $2,348,000 after buying an additional 113,130 shares during the period. Finally, BlackRock Investment Management LLC boosted its position in shares of County Bancorp by 6,476.4% in the second quarter. BlackRock Investment Management LLC now owns 16,704 shares of the financial services provider’s stock valued at $344,000 after buying an additional 16,450 shares during the period. 22.23% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on ICBK. Zacks Investment Research raised County Bancorp from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a report on Thursday, August 25th. Stephens raised County Bancorp from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 2nd. Finally, Robert W. Baird lifted their price objective on County Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, August 24th.
County Bancorp Company Profile
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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