County Bancorp (ICBK) Research Coverage Started at DA Davidson

Equities research analysts at DA Davidson initiated coverage on shares of County Bancorp (NASDAQ:ICBK) in a note issued to investors on Friday. The firm set a “neutral” rating and a $31.00 price target on the financial services provider’s stock. DA Davidson’s price objective would suggest a potential upside of 10.91% from the company’s current price.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of County Bancorp from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research report on Friday, January 12th. ValuEngine downgraded shares of County Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Maxim Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of County Bancorp in a report on Friday, January 19th. Hovde Group started coverage on shares of County Bancorp in a report on Tuesday, January 23rd. They issued a “market perform” rating and a $34.00 target price on the stock. Finally, TheStreet raised shares of County Bancorp from a “c” rating to a “b-” rating in a report on Tuesday, January 16th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $33.00.

Shares of County Bancorp (NASDAQ:ICBK) traded up $0.85 during trading on Friday, reaching $27.95. 8,884 shares of the company’s stock traded hands, compared to its average volume of 10,992. County Bancorp has a 52 week low of $22.73 and a 52 week high of $35.89. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $180.85, a P/E ratio of 18.76 and a beta of 0.35.

County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $12.16 million for the quarter, compared to analysts’ expectations of $11.97 million. sell-side analysts anticipate that County Bancorp will post 2.21 earnings per share for the current year.

In other news, CFO Glen L. Stiteley bought 1,615 shares of the stock in a transaction dated Wednesday, January 24th. The shares were acquired at an average price of $30.84 per share, with a total value of $49,806.60. Following the completion of the acquisition, the chief financial officer now directly owns 5,109 shares in the company, valued at $157,561.56. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 26.30% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in shares of County Bancorp by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,313 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 2,365 shares in the last quarter. WoodTrust Financial Corp purchased a new stake in shares of County Bancorp in the fourth quarter valued at about $238,000. Royce & Associates LP boosted its holdings in shares of County Bancorp by 45.9% in the third quarter. Royce & Associates LP now owns 165,595 shares of the financial services provider’s stock valued at $4,976,000 after acquiring an additional 52,100 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of County Bancorp in the third quarter valued at about $268,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in shares of County Bancorp in the third quarter valued at about $226,000. 27.62% of the stock is currently 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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