County Bancorp’s (ICBK) Market-Perform Rating Reiterated at FIG Partners

FIG Partners reiterated their market-perform rating on shares of County Bancorp (NASDAQ:ICBK) in a research report released on Thursday morning, Zacks.com reports.

Several other research analysts also recently commented on ICBK. Zacks Investment Research downgraded shares of County Bancorp from a hold rating to a sell rating in a research report on Wednesday, December 26th. ValuEngine downgraded shares of County Bancorp from a sell rating to a strong sell rating in a research report on Saturday, January 5th. DA Davidson lowered their price objective on shares of County Bancorp to $23.00 and set an average rating for the company in a research report on Tuesday, February 12th. Hovde Group downgraded shares of County Bancorp from an outperform rating to a market perform rating and lowered their price objective for the company from $22.00 to $20.00 in a research report on Friday, February 15th. Finally, Sandler O’Neill upgraded shares of County Bancorp from a hold rating to a buy rating and boosted their price objective for the company from $18.00 to $20.00 in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. County Bancorp presently has a consensus rating of Hold and a consensus price target of $23.00.

Shares of ICBK opened at $17.60 on Thursday. County Bancorp has a one year low of $16.24 and a one year high of $28.97. The company has a market cap of $118.08 million, a price-to-earnings ratio of 8.63, a PEG ratio of 1.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.02 and a quick ratio of 1.02.

County Bancorp (NASDAQ:ICBK) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.50 by $0.04. County Bancorp had a net margin of 18.32% and a return on equity of 9.92%. The business had revenue of $13.31 million during the quarter, compared to the consensus estimate of $12.77 million. On average, sell-side analysts anticipate that County Bancorp will post 2.11 earnings per share for the current fiscal year.

In related news, insider Mark Andrew Miller purchased 2,789 shares of the stock in a transaction dated Wednesday, February 13th. The stock was bought at an average cost of $18.55 per share, for a total transaction of $51,735.95. Following the completion of the acquisition, the insider now owns 27,354 shares of the company’s stock, valued at $507,416.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders have bought 4,144 shares of company stock valued at $76,552 and have sold 3,000 shares valued at $53,450. 23.30% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in ICBK. Strs Ohio increased its holdings in shares of County Bancorp by 28.6% during the fourth quarter. Strs Ohio now owns 9,900 shares of the financial services provider’s stock worth $171,000 after buying an additional 2,200 shares in the last quarter. First Manhattan Co. increased its holdings in shares of County Bancorp by 64.5% during the fourth quarter. First Manhattan Co. now owns 12,337 shares of the financial services provider’s stock worth $214,000 after buying an additional 4,837 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of County Bancorp by 84.0% during the fourth quarter. Bank of New York Mellon Corp now owns 34,692 shares of the financial services provider’s stock worth $602,000 after buying an additional 15,835 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of County Bancorp by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 47,347 shares of the financial services provider’s stock worth $822,000 after buying an additional 2,380 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of County Bancorp by 26.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 52,106 shares of the financial services provider’s stock worth $905,000 after buying an additional 10,927 shares in the last quarter. Institutional investors own 26.26% of the company’s stock.

County Bancorp Company Profile

County Bancorp, Inc operates as the bank holding company for Investors Community Bank that provides a range of consumer and commercial banking services to individuals, businesses, and industries primarily 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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