$0.54 Earnings Per Share Expected for County Bancorp (ICBK) This Quarter

Brokerages predict that County Bancorp (NASDAQ:ICBK) will announce earnings of $0.54 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for County Bancorp’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.53. County Bancorp posted earnings per share of $0.29 in the same quarter last year, which suggests a positive year over year growth rate of 86.2%. The business is expected to announce its next quarterly earnings results on Thursday, July 19th.

On average, analysts expect that County Bancorp will report full-year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.26. For the next fiscal year, analysts anticipate that the company will post earnings of $2.37 per share, with EPS estimates ranging from $2.34 to $2.41. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for County Bancorp.

County Bancorp (NASDAQ:ICBK) last announced its earnings results on Thursday, April 19th. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. County Bancorp had a return on equity of 8.98% and a net margin of 18.63%. The company had revenue of $12.31 million for the quarter, compared to the consensus estimate of $12.22 million.

Several analysts have recently commented on the company. Maxim Group reissued a “buy” rating and issued a $35.00 price target on shares of County Bancorp in a report on Tuesday, April 24th. Hovde Group assumed coverage on County Bancorp in a report on Tuesday, January 23rd. They issued a “market perform” rating and a $34.00 price target for the company. Zacks Investment Research raised County Bancorp from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, April 26th. Finally, DA Davidson assumed coverage on County Bancorp in a report on Friday, February 9th. They issued a “neutral” rating and a $31.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $32.75.

Shares of County Bancorp opened at $27.92 on Friday, MarketBeat Ratings reports. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $186.72 million, a price-to-earnings ratio of 18.74, a P/E/G ratio of 1.57 and a beta of 0.36. County Bancorp has a twelve month low of $22.73 and a twelve month high of $33.94.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.28 annualized dividend and a yield of 1.00%. County Bancorp’s dividend payout ratio is presently 18.79%.

In related news, insider Mark Andrew Miller sold 1,285 shares of County Bancorp stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $28.00, for a total transaction of $35,980.00. Following the completion of the transaction, the insider now directly owns 28,087 shares of the company’s stock, valued at $786,436. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Wayne D. Mueller sold 5,000 shares of County Bancorp stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.17, for a total value of $135,850.00. Following the transaction, the director now directly owns 95,000 shares of the company’s stock, valued at $2,581,150. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,673 shares of company stock valued at $183,067. 25.60% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of ICBK. Wells Fargo & Company MN increased 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 worth $149,000 after buying an additional 2,093 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in County Bancorp during the third quarter worth $226,000. Dimensional Fund Advisors LP purchased a new position in County Bancorp during the third quarter worth $268,000. WoodTrust Financial Corp purchased a new position in County Bancorp during the fourth quarter worth $238,000. Finally, Context BH Capital Management LP purchased a new position in County Bancorp during the fourth quarter worth $517,000. 26.41% of the stock is owned by hedge funds and other institutional investors.

County Bancorp Company Profile

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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