County Bancorp (NASDAQ:ICBK) Upgraded to “Hold” by ValuEngine

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

Other equities analysts also recently issued reports about the stock. DA Davidson reissued a buy rating on shares of County Bancorp in a research report on Monday, November 18th. Zacks Investment Research upgraded County Bancorp from a sell rating to a hold rating in a research note on Tuesday, October 22nd. Finally, Maxim Group set a $23.00 price objective on County Bancorp and gave the company a buy rating in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $21.20.

Shares of ICBK stock opened at $24.50 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.04 and a quick ratio of 1.03. County Bancorp has a fifty-two week low of $16.24 and a fifty-two week high of $24.97. The stock’s 50-day moving average is $22.69 and its two-hundred day moving average is $19.15. The firm has a market cap of $161.47 million, a P/E ratio of 10.48 and a beta of 0.75.

County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.32. The company had revenue of $14.29 million during the quarter, compared to the consensus estimate of $13.16 million. County Bancorp had a return on equity of 10.48% and a net margin of 19.92%. As a group, research analysts expect that County Bancorp will post 2.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.05 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.82%. County Bancorp’s dividend payout ratio is currently 9.80%.

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in shares of County Bancorp by 38.6% during the second quarter. Acadian Asset Management LLC now owns 5,250 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 1,462 shares during the period. Ancora Advisors LLC acquired a new position in shares of County Bancorp in the 2nd quarter worth approximately $408,000. Advisor Group Inc. acquired a new position in shares of County Bancorp in the 2nd quarter worth approximately $285,000. Morgan Stanley raised its holdings in shares of County Bancorp by 360.2% in the 2nd quarter. Morgan Stanley now owns 8,698 shares of the financial services provider’s stock worth $149,000 after buying an additional 6,808 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of County Bancorp during the 3rd quarter worth approximately $568,000. 26.25% of the stock is currently owned by institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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