County Bancorp, Inc. (ICBK) Scheduled to Post Quarterly Earnings on Wednesday
County Bancorp, Inc. (NASDAQ:ICBK) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.44 per share for the quarter.
County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.16). The firm had revenue of $11.41 million for the quarter, compared to analysts’ expectations of $11.36 million. County Bancorp had a net margin of 19.27% and a return on equity of 9.04%. On average, analysts expect County Bancorp to post $1.56 EPS for the current fiscal year and $2.04 EPS for the next fiscal year.
Shares of County Bancorp, Inc. (NASDAQ ICBK) opened at 30.28 on Wednesday. The firm’s 50-day moving average price is $30.11 and its 200 day moving average price is $30.11. County Bancorp, Inc. has a 1-year low of $19.56 and a 1-year high of $31.00. The stock has a market cap of $201.09 million, a P/E ratio of 18.62 and a beta of 0.47.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Thursday, September 7th. County Bancorp’s dividend payout ratio (DPR) is currently 14.72%.
A number of analysts have recently commented on ICBK shares. Maxim Group reiterated a “buy” rating and set a $33.00 target price on shares of County Bancorp in a research report on Thursday, July 20th. Zacks Investment Research cut County Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, July 24th.
In related news, President Timothy J. Schneider sold 1,694 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $25.00, for a total value of $42,350.00. Following the transaction, the president now owns 113,583 shares in the company, valued at approximately $2,839,575. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Timothy J. Schneider sold 1,338 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $25.00, for a total value of $33,450.00. Following the completion of the transaction, the president now owns 111,583 shares in the company, valued at approximately $2,789,575. The disclosure for this sale can be found here. Insiders sold a total of 11,257 shares of company stock worth $300,636 in the last 90 days. 26.30% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in County Bancorp stock. State Street Corp boosted its stake in County Bancorp, Inc. (NASDAQ:ICBK) by 12.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,821 shares of the financial services provider’s stock after acquiring an additional 7,323 shares during the period. State Street Corp owned 0.98% of County Bancorp worth $1,557,000 as of its most recent SEC filing. 27.11% 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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