County Bancorp, Inc. (NASDAQ:ICBK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $33.00 price target on the financial services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.74% from the stock’s current price.

According to Zacks, “County Bancorp, Inc. is a bank holding company. It provides a range of consumer and commercial banking services to individuals, businesses, and industries. The basic services offered by the Bank include demand interest bearing and noninterest bearing accounts, money market deposit accounts, NOW accounts, time deposits, remote merchant deposit capture, Internet banking, cash management services, safe deposit services, credit cards, debit cards, direct deposits, notary services, night depository, cashiers’ checks, drive-in tellers, banking by mail, and the full range of consumer loans, both collateralized and uncollateralized. The Bank also makes secured and unsecured commercial loans, as well as loans secured by residential and commercial real estate, and issues stand-by letters of credit. County Bancorp, Inc. is headquartered in Manitowoc, Wisconsin. “

Separately, Maxim Group reaffirmed a “buy” rating and issued a $33.00 price target on shares of County Bancorp in a research note on Thursday, July 20th.

County Bancorp (NASDAQ ICBK) traded down 1.11% during mid-day trading on Monday, hitting $29.27. 5,367 shares of the company were exchanged. The company has a market capitalization of $194.38 million, a P/E ratio of 18.00 and a beta of 0.47. County Bancorp has a 12-month low of $19.56 and a 12-month high of $35.89. The company’s 50-day moving average is $30.06 and its 200 day moving average is $26.79.

County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. County Bancorp had a net margin of 19.27% and a return on equity of 9.04%. The firm had revenue of $12.05 million during the quarter, compared to the consensus estimate of $11.97 million. Analysts expect that County Bancorp will post $1.54 EPS for the current year.

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In other news, 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 transaction of $33,450.00. Following the completion of the sale, the president now directly owns 111,583 shares of the company’s stock, valued at $2,789,575. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gary J. Ziegelbauer sold 3,367 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $30.62, for a total transaction of $103,097.54. Following the sale, the director now directly owns 405,518 shares of the company’s stock, valued at $12,416,961.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,869 shares of company stock valued at $215,936. 26.30% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. First Manhattan Co. increased its position in shares of County Bancorp by 50.0% during the second quarter. First Manhattan Co. now owns 7,500 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 2,500 shares in the last quarter. Teachers Advisors LLC boosted its holdings in County Bancorp by 15.4% during the second quarter. Teachers Advisors LLC now owns 9,038 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 1,205 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in County Bancorp by 1.3% during the second quarter. TIAA CREF Investment Management LLC now owns 14,053 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 180 shares during the last quarter. Legacy Private Trust Co. boosted its holdings in County Bancorp by 32.0% during the second quarter. Legacy Private Trust Co. now owns 14,880 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 3,605 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in County Bancorp by 14.0% during the second quarter. Bank of New York Mellon Corp now owns 16,530 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 2,034 shares during the last quarter. 27.11% of the stock is owned by institutional investors.

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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