Zacks: Analysts Expect County Bancorp Inc (ICBK) Will Announce Earnings of $0.51 Per Share

Analysts expect that County Bancorp Inc (NASDAQ:ICBK) will announce earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for County Bancorp’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.53. County Bancorp reported earnings of $0.52 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.9%. The company is expected to issue its next quarterly earnings report on Friday, October 19th.

According to Zacks, analysts expect that County Bancorp will report full year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.20. For the next fiscal year, analysts forecast that the business will report earnings of $2.21 per share, with EPS estimates ranging from $2.03 to $2.31. Zacks’ EPS averages are an average based on a survey of research firms that follow County Bancorp.

County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings results on Thursday, July 19th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The company had revenue of $12.65 million for the quarter, compared to the consensus estimate of $12.53 million. County Bancorp had a net margin of 20.40% and a return on equity of 10.15%.

Several research analysts recently commented on ICBK shares. Hovde Group raised shares of County Bancorp from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Wednesday, August 29th. Zacks Investment Research downgraded shares of County Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 29th. ValuEngine raised shares of County Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Maxim Group reduced their price target on shares of County Bancorp from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, July 20th. Finally, FIG Partners reaffirmed a “market-perform” rating on shares of County Bancorp in a research note on Thursday, August 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $30.20.

In other County Bancorp news, President Timothy J. Schneider sold 2,830 shares of the firm’s stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of $28.23, for a total transaction of $79,890.90. Following the transaction, the president now owns 105,712 shares of the company’s stock, valued at approximately $2,984,249.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Timothy J. Schneider sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $28.31, for a total transaction of $28,310.00. Following the transaction, the president now directly owns 105,712 shares in the company, valued at approximately $2,992,706.72. The disclosure for this sale can be found here. Insiders have sold a total of 10,830 shares of company stock worth $299,531 in the last three months. Insiders own 25.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in County Bancorp by 68.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 27,472 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 11,137 shares during the period. Strs Ohio increased its position in County Bancorp by 37.3% during the 2nd quarter. Strs Ohio now owns 8,100 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 2,200 shares during the period. Renaissance Technologies LLC increased its position in County Bancorp by 58.3% during the 2nd quarter. Renaissance Technologies LLC now owns 16,700 shares of the financial services provider’s stock valued at $459,000 after purchasing an additional 6,148 shares during the period. BlackRock Inc. increased its position in County Bancorp by 17.3% during the 2nd quarter. BlackRock Inc. now owns 235,145 shares of the financial services provider’s stock valued at $6,466,000 after purchasing an additional 34,721 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in County Bancorp by 41.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,600 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 3,100 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ICBK stock traded down $0.17 during trading on Friday, hitting $24.52. The company had a trading volume of 3,063 shares, compared to its average volume of 4,352. The company has a market capitalization of $166.73 million, a PE ratio of 16.46, a P/E/G ratio of 1.45 and a beta of 0.25. County Bancorp has a 52-week low of $24.29 and a 52-week high of $33.94. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.04 and a quick ratio of 1.03.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, September 13th. County Bancorp’s dividend payout ratio is presently 18.79%.

County Bancorp Company Profile

County Bancorp, Inc operates as the bank holding company for Investors Community Bank that provides a range of banking and related financial services to individuals, businesses, and industries in northeastern and central Wisconsin. The company accepts demand interest bearing and noninterest bearing, money market deposit, NOW, checking, and savings accounts, as well as time deposits.

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Earnings History and Estimates for County Bancorp (NASDAQ:ICBK)

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