County Bancorp Inc (ICBK) Given Consensus Recommendation of “Buy” by Brokerages

County Bancorp Inc (NASDAQ:ICBK) has been assigned a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company.

Brokers have set a 1 year consensus target price of $31.33 for the company and are predicting that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given County Bancorp an industry rank of 164 out of 265 based on the ratings given to related companies.

Several research firms recently commented on ICBK. ValuEngine lowered shares of County Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of County Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Maxim Group reissued a “buy” rating and set a $33.00 price objective on shares of County Bancorp in a research note on Monday, October 23rd.

Shares of County Bancorp (NASDAQ ICBK) opened at $32.72 on Monday. County Bancorp has a 52 week low of $20.85 and a 52 week high of $35.89. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $218.35, a PE ratio of 19.36 and a beta of 0.46.

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, topping the consensus estimate of $0.44 by $0.08. County Bancorp had a net margin of 19.80% and a return on equity of 9.24%. The business had revenue of $12.05 million for the quarter, compared to analyst estimates of $11.97 million. sell-side analysts forecast that County Bancorp will post 1.65 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, December 7th. County Bancorp’s payout ratio is currently 14.20%.

In other County Bancorp news, CFO Glen L. Stiteley acquired 1,260 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were acquired at an average price of $30.00 per share, with a total value of $37,800.00. Following the completion of the purchase, the chief financial officer now directly owns 3,094 shares of the company’s stock, valued at approximately $92,820. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its holdings in County Bancorp by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 283,262 shares of the financial services provider’s stock worth $6,798,000 after buying an additional 1,342 shares during the last quarter. Vanguard Group Inc. raised its holdings in County Bancorp by 9.0% in the second quarter. Vanguard Group Inc. now owns 177,216 shares of the financial services provider’s stock worth $4,253,000 after buying an additional 14,563 shares during the last quarter. Royce & Associates LP raised its holdings in County Bancorp by 45.9% in the third 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 during the last quarter. State Street Corp raised its holdings in County Bancorp by 12.7% in the second quarter. State Street Corp now owns 64,821 shares of the financial services provider’s stock worth $1,557,000 after buying an additional 7,323 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in County Bancorp by 7.2% in the first quarter. Geode Capital Management LLC now owns 38,117 shares of the financial services provider’s stock worth $1,107,000 after buying an additional 2,552 shares during the last quarter. 27.61% of the stock is owned by institutional investors and hedge funds.

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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.

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