County Bancorp, Inc. (NASDAQ:ICBK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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 set a $33.00 price objective on shares of County Bancorp in a research note on Monday, October 23rd.

County Bancorp (NASDAQ:ICBK) traded up $0.96 on Thursday, reaching $30.60. The company’s stock had a trading volume of 2,235 shares, compared to its average volume of 10,517. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.09. The stock has a market cap of $204.21 and a P/E ratio of 17.19. County Bancorp has a 12-month low of $20.85 and a 12-month high of $35.89.

County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. The firm had revenue of $12.05 million during the quarter, compared to the consensus estimate of $11.97 million. County Bancorp had a return on equity of 9.24% and a net margin of 19.80%. analysts predict that County Bancorp will post 1.62 earnings per share for the current fiscal year.

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In other news, Director Wayne D. Mueller sold 2,621 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $25.11, for a total transaction of $65,813.31. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $2,511,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Glen L. Stiteley bought 1,676 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were acquired at an average cost of $25.36 per share, with a total value of $42,503.36. Following the completion of the purchase, the insider now owns 1,134 shares in the company, valued at approximately $28,758.24. The disclosure for this purchase can be found here. Corporate insiders own 26.30% of the company’s stock.

Several hedge funds have recently modified their holdings of ICBK. Bank of Montreal Can purchased a new position in shares of County Bancorp during the 3rd quarter worth approximately $3,668,000. Banc Funds Co. LLC raised its stake in shares of County Bancorp by 91.3% during the 3rd quarter. Banc Funds Co. LLC now owns 207,335 shares of the financial services provider’s stock worth $4,149,000 after buying an additional 98,954 shares in the last quarter. Royce & Associates LLC purchased a new position in shares of County Bancorp during the 4th quarter worth approximately $1,921,000. Royce & Associates LP raised its stake in shares of County Bancorp by 45.9% during the 3rd quarter. Royce & Associates LP now owns 165,595 shares of the financial services provider’s stock worth $4,976,000 after buying an additional 52,100 shares in the last quarter. Finally, Sii Investments Inc. WI purchased a new position in shares of County Bancorp during the 1st quarter worth approximately $1,030,000. 25.25% of the stock is 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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