Bank of Montreal Can cut its stake in shares of County Bancorp, Inc. (NASDAQ:ICBK) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 223,024 shares of the financial services provider’s stock after selling 350 shares during the period. Bank of Montreal Can owned about 3.37% of County Bancorp worth $5,353,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of ICBK. Goldman Sachs Group Inc. bought a new stake in shares of County Bancorp during the first quarter valued at $1,116,000. Legacy Private Trust Co. acquired a new position in County Bancorp during the first quarter worth approximately $328,000. Russell Investments Group Ltd. acquired a new position in County Bancorp during the fourth quarter worth approximately $142,000. Renaissance Technologies LLC increased its position in County Bancorp by 29.0% in the fourth quarter. Renaissance Technologies LLC now owns 20,900 shares of the financial services provider’s stock worth $564,000 after buying an additional 4,700 shares during the last quarter. Finally, Geode Capital Management LLC increased its position 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. Hedge funds and other institutional investors own 27.65% of the company’s stock.
County Bancorp, Inc. (ICBK) traded down 0.23% during mid-day trading on Friday, reaching $25.78. The company’s stock had a trading volume of 5,655 shares. The firm has a 50-day moving average of $24.74 and a 200-day moving average of $26.69. County Bancorp, Inc. has a 52 week low of $19.50 and a 52 week high of $35.89. The stock has a market capitalization of $171.21 million, a price-to-earnings ratio of 15.85 and a beta of 0.52.
County Bancorp (NASDAQ:ICBK) last announced its quarterly 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. The firm had revenue of $11.41 million for the quarter, compared to the consensus estimate of $11.36 million. County Bancorp had a return on equity of 9.04% and a net margin of 19.27%. On average, equities research analysts expect that County Bancorp, Inc. will post $1.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.93%. County Bancorp’s dividend payout ratio is 14.72%.
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A number of research firms have recently commented on ICBK. Robert W. Baird downgraded County Bancorp from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $31.00 in a report on Monday, April 24th. Maxim Group reissued a “buy” rating and issued a $33.00 target price on shares of County Bancorp in a research report on Thursday, July 20th. Finally, Zacks Investment Research raised County Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, June 26th.
In related news, President Timothy J. Schneider sold 2,000 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $25.04, for a total transaction of $50,080.00. Following the sale, the president now directly owns 124,658 shares in the company, valued at $3,121,436.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Timothy J. Schneider sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $25.00, for a total transaction of $75,000.00. Following the sale, the president now owns 119,379 shares in the company, valued at $2,984,475. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,650 shares of company stock worth $391,550. Insiders own 26.30% of the company’s stock.
About County Bancorp
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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