Insider Selling: County Bancorp Inc (ICBK) Director Sells 800 Shares of Stock

County Bancorp Inc (NASDAQ:ICBK) Director Edson P. Foster sold 800 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $29.74, for a total value of $23,792.00. Following the completion of the transaction, the director now directly owns 32,898 shares of the company’s stock, valued at $978,386.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

County Bancorp Inc (NASDAQ ICBK) traded up $0.04 during trading on Wednesday, reaching $28.95. The company’s stock had a trading volume of 3,236 shares, compared to its average volume of 15,401. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.09. County Bancorp Inc has a 1 year low of $22.73 and a 1 year high of $35.89. The firm has a market capitalization of $195.00, a price-to-earnings ratio of 19.42 and a beta of 0.46.

County Bancorp (NASDAQ:ICBK) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). County Bancorp had a return on equity of 8.10% and a net margin of 19.80%. The company had revenue of $12.16 million for the quarter, compared to analyst estimates of $11.97 million. sell-side analysts forecast that County Bancorp Inc will post 2.21 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. WoodTrust Financial Corp acquired a new position in County Bancorp during the fourth quarter worth $238,000. Royce & Associates LP raised its stake in County Bancorp by 45.9% during the third quarter. Royce & Associates LP now owns 165,595 shares of the financial services provider’s stock worth $4,976,000 after acquiring an additional 52,100 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in County Bancorp during the third quarter worth $268,000. Schwab Charles Investment Management Inc. acquired a new position in County Bancorp during the third quarter worth $226,000. Finally, Wells Fargo & Company MN raised its stake in County Bancorp by 73.3% during the third quarter. Wells Fargo & Company MN now owns 4,948 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 2,093 shares in the last quarter. Hedge funds and other institutional investors own 27.71% of the company’s stock.

Several research analysts recently commented on ICBK shares. Maxim Group reaffirmed a “buy” rating and issued a $33.00 target price on shares of County Bancorp in a research report on Monday, October 23rd. Zacks Investment Research raised County Bancorp from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Monday, October 23rd. ValuEngine cut County Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. TheStreet raised County Bancorp from a “c” rating to a “b-” rating in a research report on Tuesday, January 16th. Finally, Hovde Group started coverage on County Bancorp in a research note on Tuesday, January 23rd. They set a “market perform” rating and a $34.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. County Bancorp presently has an average rating of “Buy” and an average price target of $33.50.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: County Bancorp Inc (ICBK) Director Sells 800 Shares of Stock” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/31/insider-selling-county-bancorp-inc-icbk-director-sells-800-shares-of-stock.html.

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.

Insider Buying and Selling by Quarter for County Bancorp (NASDAQ:ICBK)

Receive News & Ratings for County Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for County Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply