Goldman Sachs Group Inc. bought a new position in County Bancorp, Inc. (NASDAQ:ICBK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,416 shares of the financial services provider’s stock, valued at approximately $1,116,000.
Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in County Bancorp by 7.2% in the first quarter. Geode Capital Management LLC now owns 38,117 shares of the financial services provider’s stock worth $1,107,000 after buying an additional 2,552 shares during the last quarter. Martingale Asset Management L P boosted its stake in County Bancorp by 16.6% in the first quarter. Martingale Asset Management L P now owns 16,204 shares of the financial services provider’s stock worth $471,000 after buying an additional 2,301 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in County Bancorp by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 14,496 shares of the financial services provider’s stock worth $421,000 after buying an additional 449 shares during the last quarter. Bank of Montreal Can boosted its stake in County Bancorp by 21.8% in the first quarter. Bank of Montreal Can now owns 223,374 shares of the financial services provider’s stock worth $6,491,000 after buying an additional 40,052 shares during the last quarter. Finally, Legacy Private Trust Co. acquired a new stake in County Bancorp during the first quarter worth approximately $328,000. Institutional investors own 27.47% of the company’s stock.
Shares of County Bancorp, Inc. (ICBK) traded down 0.16% during midday trading on Friday, reaching $24.68. The company had a trading volume of 1,129 shares. The company’s 50-day moving average is $24.65 and its 200-day moving average is $26.79. County Bancorp, Inc. has a 1-year low of $19.50 and a 1-year high of $35.89. The stock has a market capitalization of $163.90 million, a PE ratio of 15.18 and a beta of 0.52.
County Bancorp (NASDAQ:ICBK) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.16. County Bancorp had a net margin of 19.27% and a return on equity of 9.04%. The firm had revenue of $11.41 million during the quarter, compared to the consensus estimate of $11.36 million. On average, equities research analysts forecast that County Bancorp, Inc. will post $1.56 EPS for the current year.
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A number of equities research analysts have recently commented on the company. Zacks Investment Research cut County Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Maxim Group reiterated a “buy” rating and set a $33.00 target price on shares of County Bancorp in a research note on Thursday, July 20th. Finally, Robert W. Baird cut County Bancorp from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $30.00 to $31.00 in a research note on Monday, April 24th.
In related news, Director Andrew J. Steimle acquired 1,200 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were purchased at an average price of $25.38 per share, with a total value of $30,456.00. Following the completion of the purchase, the director now directly owns 13,700 shares of the company’s stock, valued at $347,706. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Timothy J. Schneider sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $25.04, for a total value of $50,080.00. Following the completion of the transaction, the president now directly owns 124,658 shares in the company, valued at approximately $3,121,436.32. The disclosure for this sale can be found here. Insiders sold 15,650 shares of company stock worth $391,550 in the last ninety days. Corporate insiders own 26.30% of the company’s stock.
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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