County Bancorp (ICBK) Stock Rating Upgraded by TheStreet

County Bancorp (NASDAQ:ICBK) was upgraded by stock analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Tuesday.

A number of other brokerages have also commented on ICBK. Zacks Investment Research lowered County Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Maxim Group reiterated a “buy” rating and set a $33.00 price target on shares of County Bancorp in a research note on Monday, October 23rd. Finally, ValuEngine downgraded County Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.33.

Shares of County Bancorp (NASDAQ:ICBK) opened at $31.45 on Tuesday. County Bancorp has a 12-month low of $22.73 and a 12-month high of $35.89. The company has a market capitalization of $205.07, a PE ratio of 18.61 and a beta of 0.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.11 and a quick ratio of 1.11.

County Bancorp (NASDAQ:ICBK) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). County Bancorp had a net margin of 19.80% and a return on equity of 9.24%. The firm had revenue of $12.16 million during the quarter, compared to the consensus estimate of $11.97 million. equities analysts anticipate that County Bancorp will post 1.5 earnings per share for the current fiscal year.

In related news, CFO Glen L. Stiteley purchased 1,260 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $37,800.00. Following the purchase, the chief financial officer now owns 3,094 shares of the company’s stock, valued at $92,820. The transaction was disclosed in a filing with the SEC, which is available at this link. 26.30% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in ICBK. SG Americas Securities LLC acquired a new position in County Bancorp during the 3rd quarter valued at about $141,000. Wells Fargo & Company MN boosted its stake in County Bancorp by 73.3% during the 3rd quarter. Wells Fargo & Company MN now owns 4,948 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 2,093 shares during the last quarter. Teachers Advisors LLC boosted its stake in County Bancorp by 15.4% during the 2nd quarter. Teachers Advisors LLC now owns 9,038 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 1,205 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new position in County Bancorp during the 3rd quarter valued at about $226,000. Finally, Dimensional Fund Advisors LP acquired a new position in County Bancorp during the 3rd quarter valued at about $268,000. Institutional investors and hedge funds own 27.61% of the company’s stock.

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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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