County Bancorp, Inc. (ICBK) CFO Buys $37,800.00 in Stock

County Bancorp, Inc. (NASDAQ:ICBK) CFO Glen L. Stiteley purchased 1,260 shares of County Bancorp stock in a transaction on Tuesday, October 24th. The stock was bought at an average price of $30.00 per share, with a total value of $37,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 3,094 shares of the company’s stock, valued at approximately $92,820. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of County Bancorp, Inc. (NASDAQ:ICBK) opened at 30.73 on Friday. The firm has a 50-day moving average of $30.09 and a 200-day moving average of $26.81. County Bancorp, Inc. has a 12-month low of $19.63 and a 12-month high of $35.89. The firm has a market capitalization of $204.08 million, a PE ratio of 18.90 and a beta of 0.47.

County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.08. The business had revenue of $12.05 million for the quarter, compared to the consensus estimate of $11.97 million. County Bancorp had a net margin of 19.27% and a return on equity of 9.35%. Equities analysts anticipate that County Bancorp, Inc. will post $1.66 earnings per share for the current year.

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A number of research firms have commented on ICBK. Zacks Investment Research upgraded shares of County Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Monday, October 23rd. Maxim Group restated a “buy” rating and issued a $33.00 price target on shares of County Bancorp in a report on Monday, October 23rd.

Several large investors have recently added to or reduced their stakes in ICBK. First Manhattan Co. grew its position in shares of County Bancorp by 50.0% in the 2nd quarter. First Manhattan Co. now owns 7,500 shares of the financial services provider’s stock worth $180,000 after buying an additional 2,500 shares during the period. Teachers Advisors LLC grew its position in shares of County Bancorp by 15.4% in the 2nd quarter. Teachers Advisors LLC now owns 9,038 shares of the financial services provider’s stock worth $217,000 after buying an additional 1,205 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of County Bancorp by 1.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 14,053 shares of the financial services provider’s stock worth $337,000 after buying an additional 180 shares during the period. Legacy Private Trust Co. grew its position in shares of County Bancorp by 32.0% in the 2nd quarter. Legacy Private Trust Co. now owns 14,880 shares of the financial services provider’s stock worth $357,000 after buying an additional 3,605 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of County Bancorp by 14.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,530 shares of the financial services provider’s stock worth $397,000 after buying an additional 2,034 shares during the period. 25.29% of the stock is currently owned by hedge funds and other institutional investors.

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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