County Bancorp (NASDAQ:ICBK) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of County Bancorp (NASDAQ:ICBK) from a sell rating to a hold rating in a research report released on Thursday, ValuEngine reports.

A number of other research analysts also recently weighed in on ICBK. Zacks Investment Research downgraded shares of County Bancorp from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Maxim Group restated a buy rating and set a $23.00 price objective on shares of County Bancorp in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $21.20.

County Bancorp stock traded up $0.17 during midday trading on Thursday, reaching $19.36. 3,366 shares of the company traded hands, compared to its average volume of 12,905. The firm has a market capitalization of $130.25 million, a price-to-earnings ratio of 9.49 and a beta of 0.70. The business has a 50 day moving average of $18.63 and a two-hundred day moving average of $17.85. County Bancorp has a 12 month low of $16.24 and a 12 month high of $25.95. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.03.

County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. The company had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.59 million. County Bancorp had a net margin of 17.66% and a return on equity of 9.38%. As a group, equities analysts forecast that County Bancorp will post 2.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.03%. County Bancorp’s dividend payout ratio (DPR) is 9.80%.

In other County Bancorp news, Director Jacob Eisen bought 1,500 shares of County Bancorp stock in a transaction on Thursday, August 22nd. The stock was acquired at an average cost of $17.36 per share, with a total value of $26,040.00. Following the completion of the acquisition, the director now owns 5,649 shares in the company, valued at $98,066.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick J. Roe bought 4,876 shares of County Bancorp stock in a transaction on Thursday, July 18th. The shares were acquired at an average cost of $17.20 per share, with a total value of $83,867.20. Following the completion of the acquisition, the director now owns 12,157 shares of the company’s stock, valued at approximately $209,100.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 10,328 shares of company stock valued at $180,177. 23.30% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of County Bancorp in the third quarter worth $568,000. Morgan Stanley increased its stake in shares of County Bancorp by 360.2% in the second quarter. Morgan Stanley now owns 8,698 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 6,808 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of County Bancorp in the second quarter worth $395,000. Ancora Advisors LLC purchased a new stake in shares of County Bancorp in the second quarter worth $408,000. Finally, Renaissance Technologies LLC increased its stake in shares of County Bancorp by 80.5% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the financial services provider’s stock worth $808,000 after purchasing an additional 21,100 shares in the last quarter. 27.53% of the stock is owned by institutional investors and hedge funds.

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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