County Bancorp Inc. (NASDAQ:ICBK) Given $25.50 Consensus Target Price by Analysts
County Bancorp Inc. (NASDAQ:ICBK) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $25.50 for the company and are expecting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also assigned County Bancorp an industry rank of 102 out of 265 based on the ratings given to its competitors.
A number of research firms recently weighed in on ICBK. Zacks Investment Research raised shares of County Bancorp from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a report on Thursday, August 25th. Stephens raised shares of County Bancorp from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 2nd. Finally, Robert W. Baird increased their price objective on shares of County Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, August 24th.
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Shares of County Bancorp (NASDAQ:ICBK) traded up 0.38% on Wednesday, hitting $21.00. 8,511 shares of the stock were exchanged. The firm’s 50 day moving average price is $20.62 and its 200 day moving average price is $20.63. The firm has a market cap of $137.11 million, a price-to-earnings ratio of 12.57 and a beta of 0.34. County Bancorp has a one year low of $17.25 and a one year high of $24.20.
County Bancorp (NASDAQ:ICBK) last released its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.18. County Bancorp had a net margin of 22.32% and a return on equity of 11.40%. Equities analysts anticipate that County Bancorp will post $1.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.20 annualized dividend and a yield of 0.96%. County Bancorp’s payout ratio is 11.90%.
In other County Bancorp news, President Timothy J. Schneider sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $21.12, for a total transaction of $42,240.00. Following the transaction, the president now owns 129,558 shares of the company’s stock, valued at approximately $2,736,264.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Wayne D. Mueller sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $20.19, for a total transaction of $201,900.00. Following the transaction, the director now directly owns 128,250 shares in the company, valued at approximately $2,589,367.50. The disclosure for this sale can be found here. Company insiders own 30.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors Inc. bought a new position in County Bancorp during the second quarter valued at approximately $162,000. California State Teachers Retirement System bought a new position in County Bancorp during the second quarter valued at approximately $208,000. Creative Planning bought a new position in County Bancorp during the second quarter valued at approximately $230,000. Schmidt P J Investment Management Inc. bought a new position in County Bancorp during the second quarter valued at approximately $322,000. Finally, BlackRock Investment Management LLC boosted its position in County Bancorp by 6,476.4% in the second quarter. BlackRock Investment Management LLC now owns 16,704 shares of the financial services provider’s stock valued at $344,000 after buying an additional 16,450 shares during the last quarter. 22.23% of the stock is currently owned by hedge funds and other institutional investors.
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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