ValuEngine Downgrades County Bancorp (ICBK) to Hold

County Bancorp (NASDAQ:ICBK) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Several other analysts have also issued reports on ICBK. Zacks Investment Research lowered County Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Maxim Group reissued a “buy” rating and set a $33.00 target price on shares of County Bancorp in a report on Monday, October 23rd.

Shares of County Bancorp (ICBK) traded up $1.33 during midday trading on Friday, reaching $33.19. The company’s stock had a trading volume of 22,015 shares, compared to its average volume of 7,868. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.09. County Bancorp has a 52-week low of $20.85 and a 52-week high of $35.89. The firm has a market cap of $221.49, a price-to-earnings ratio of 19.64 and a beta of 0.46.

County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. County Bancorp had a return on equity of 9.24% and a net margin of 19.80%. The firm had revenue of $12.05 million for the quarter, compared to analyst estimates of $11.97 million. research analysts expect that County Bancorp will post 1.65 EPS for the current year.

In related news, CFO Glen L. Stiteley bought 1,260 shares of County Bancorp stock in a transaction dated Tuesday, October 24th. The shares were bought at an average cost of $30.00 per share, with a total value of $37,800.00. Following the acquisition, the chief financial officer now owns 3,094 shares in the company, valued at approximately $92,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 26.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP grew its holdings 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 purchasing an additional 52,100 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of County Bancorp during the 3rd quarter worth $268,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of County Bancorp during the 3rd quarter worth $226,000. Wells Fargo & Company MN grew its holdings in shares of County Bancorp by 73.3% during the 3rd quarter. Wells Fargo & Company MN now owns 4,948 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 2,093 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of County Bancorp during the 3rd quarter worth $141,000. 27.61% of the stock is currently owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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