County Bancorp Inc (NASDAQ:ICBK) has earned a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company.
Brokerages have set a 12 month consensus price objective of $31.33 for the company and are forecasting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also given County Bancorp an industry rank of 25 out of 265 based on the ratings given to related companies.
ICBK has been the topic of several research analyst reports. Zacks Investment Research cut shares of County Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Maxim Group restated a “buy” rating and issued a $33.00 price objective on shares of County Bancorp in a research report on Monday, October 23rd. Finally, ValuEngine cut shares of County Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
A number of hedge funds and other institutional investors have recently modified their holdings of ICBK. SG Americas Securities LLC bought a new position in County Bancorp during the third quarter valued at approximately $141,000. Wells Fargo & Company MN grew its position in County Bancorp by 73.3% during the third quarter. Wells Fargo & Company MN now owns 4,948 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 2,093 shares during the last quarter. Teachers Advisors LLC grew its position in County Bancorp by 15.4% during the second quarter. Teachers Advisors LLC now owns 9,038 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 1,205 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in County Bancorp during the third quarter valued at approximately $226,000. Finally, Dimensional Fund Advisors LP bought a new position in County Bancorp during the third quarter valued at approximately $268,000. Institutional investors and hedge funds own 27.61% of the company’s stock.
County Bancorp (NASDAQ:ICBK) traded up $0.67 during mid-day trading on Wednesday, hitting $29.77. 5,886 shares of the company traded hands, compared to its average volume of 6,971. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $194.20 and a PE ratio of 17.72. County Bancorp has a one year low of $22.73 and a one year high of $35.89.
County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.08. The company had revenue of $12.05 million for the quarter, compared to analysts’ expectations of $11.97 million. County Bancorp had a net margin of 19.80% and a return on equity of 9.24%. equities analysts anticipate that County Bancorp will post 1.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Thursday, December 7th. County Bancorp’s payout ratio is currently 14.29%.
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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