County Bancorp Inc. (ICBK) Set to Announce Quarterly Earnings on Wednesday
County Bancorp Inc. (NASDAQ:ICBK) will release its earnings data on Wednesday, October 19th. Analysts expect County Bancorp to post earnings of $0.47 per share for the quarter.
County Bancorp (NASDAQ:ICBK) last released its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating 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%. On average, analysts expect County Bancorp to post $1.85 EPS for the current fiscal year and $1.91 EPS for the next fiscal year.
County Bancorp Inc. (NASDAQ:ICBK) opened at 20.01 on Tuesday. County Bancorp Inc. has a 1-year low of $18.12 and a 1-year high of $24.20. The company has a market capitalization of $130.65 million, a P/E ratio of 11.98 and a beta of 0.36. The stock’s 50 day moving average is $20.46 and its 200-day moving average is $20.72.
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ICBK has been the topic of a number of analyst reports. Robert W. Baird lifted their target price on shares of County Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 24th. Zacks Investment Research raised shares of County Bancorp from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research note on Thursday, August 25th. Finally, Stephens raised shares of County Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 2nd.
In other news, Director Wayne D. Mueller sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $20.19, for a total value of $201,900.00. Following the sale, the director now directly owns 128,250 shares of the company’s stock, valued at approximately $2,589,367.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Timothy J. Schneider sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $21.12, for a total transaction of $42,240.00. Following the completion of the sale, the president now directly owns 129,558 shares in the company, valued at $2,736,264.96. The disclosure for this sale can be found here. 30.00% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. State Street Corp bought a new stake in County Bancorp during the second quarter worth about $758,000. Teachers Advisors Inc. bought a new stake in County Bancorp during the second quarter worth about $162,000. BlackRock Institutional Trust Company N.A. bought a new stake in County Bancorp during the second quarter worth about $592,000. BlackRock Fund Advisors increased its stake in County Bancorp by 15,267.2% in the second quarter. BlackRock Fund Advisors now owns 113,871 shares of the financial services provider’s stock worth $2,348,000 after buying an additional 113,130 shares during the period. Finally, BlackRock Investment Management LLC increased its stake 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 worth $344,000 after buying an additional 16,450 shares during the period. 22.83% of the stock is currently owned by institutional investors and hedge funds.
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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