County Bancorp (NASDAQ:ICBK) is set to issue its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.50 per share for the quarter.
County Bancorp (NASDAQ:ICBK) last released its quarterly earnings results on Monday, February 11th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.13). County Bancorp had a net margin of 19.51% and a return on equity of 10.23%. The company had revenue of $13.06 million for the quarter, compared to the consensus estimate of $12.93 million. On average, analysts expect County Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NASDAQ:ICBK opened at $16.85 on Wednesday. County Bancorp has a 52-week low of $16.24 and a 52-week high of $29.10. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $113.67 million, a price-to-earnings ratio of 8.26, a P/E/G ratio of 1.03 and a beta of 0.74.
ICBK has been the subject of several recent research reports. Zacks Investment Research lowered County Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 26th. ValuEngine lowered County Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, January 5th. DA Davidson cut their price target on County Bancorp to $23.00 and set an “average” rating for the company in a report on Tuesday, February 12th. Finally, Hovde Group lowered County Bancorp from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $22.00 to $20.00 in a research note on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. County Bancorp has an average rating of “Hold” and a consensus price target of $26.40.
In other County Bancorp news, insider Mark Andrew Miller acquired 2,789 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was purchased at an average price of $18.55 per share, with a total value of $51,735.95. Following the completion of the purchase, the insider now directly owns 27,354 shares in the company, valued at approximately $507,416.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 3,000 shares of company stock valued at $53,450. Corporate insiders own 25.60% of the company’s stock.
A hedge fund recently raised its stake in County Bancorp stock. Geode Capital Management LLC lifted its holdings in County Bancorp Inc (NASDAQ:ICBK) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,347 shares of the financial services provider’s stock after acquiring an additional 2,380 shares during the period. Geode Capital Management LLC owned 0.71% of County Bancorp worth $822,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.26% of the company’s stock.
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About County Bancorp
County Bancorp, Inc operates as the bank holding company for Investors Community Bank that provides a range of banking and related financial services to individuals, businesses, and industries in northeastern and central Wisconsin. The company accepts demand interest bearing and noninterest bearing, money market deposit, NOW, checking, and savings accounts, as well as time deposits.
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