Insider Selling: County Bancorp, Inc. (ICBK) President Sells 1,000 Shares of Stock
County Bancorp, Inc. (NASDAQ:ICBK) President Timothy J. Schneider sold 1,000 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $25.00, for a total transaction of $25,000.00. Following the completion of the transaction, the president now directly owns 120,379 shares in the company, valued at $3,009,475. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
County Bancorp, Inc. (NASDAQ:ICBK) traded up 1.01% during mid-day trading on Wednesday, hitting $24.97. 4,087 shares of the stock traded hands. The stock has a 50-day moving average of $24.98 and a 200 day moving average of $26.88. County Bancorp, Inc. has a 1-year low of $19.35 and a 1-year high of $35.89. The firm has a market cap of $165.28 million, a price-to-earnings ratio of 15.28 and a beta of 0.50.
County Bancorp (NASDAQ:ICBK) last announced its earnings results on Thursday, April 20th. The financial services provider reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.07. County Bancorp had a net margin of 19.53% and a return on equity of 10.34%. The business had revenue of $10.91 million during the quarter, compared to analyst estimates of $11.22 million. On average, equities analysts expect that County Bancorp, Inc. will post $1.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.96%. County Bancorp’s dividend payout ratio (DPR) is presently 14.63%.
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Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of County Bancorp during the fourth quarter worth $142,000. Legacy Private Trust Co. acquired a new stake in shares of County Bancorp during the first quarter worth $328,000. Martingale Asset Management L P acquired a new stake in shares of County Bancorp during the fourth quarter worth $375,000. Bank of New York Mellon Corp raised its stake in shares of County Bancorp by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 14,496 shares of the financial services provider’s stock worth $421,000 after buying an additional 449 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of County Bancorp by 29.0% in the fourth quarter. Renaissance Technologies LLC now owns 20,900 shares of the financial services provider’s stock worth $564,000 after buying an additional 4,700 shares during the period. Institutional investors own 27.25% of the company’s stock.
Several research analysts have issued reports on ICBK shares. Maxim Group reissued a “buy” rating and set a $35.00 price objective on shares of County Bancorp in a research report on Wednesday, March 22nd. Zacks Investment Research downgraded shares of County Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Finally, Robert W. Baird downgraded shares of County Bancorp from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $30.00 to $31.00 in a research report on Monday, April 24th.
County Bancorp Company Profile
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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