County Bancorp Inc. (ICBK) Set to Announce Quarterly Earnings on Wednesday
County Bancorp Inc. (NASDAQ:ICBK) is set to issue its quarterly earnings data on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.47 per share for the quarter.
County Bancorp (NASDAQ:ICBK) last posted its earnings results on Thursday, July 28th. The financial services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.18. County Bancorp had a net margin of 22.32% and a return on equity of 11.40%. On average, analysts expect County Bancorp to post $1.85 EPS for the current fiscal year and $1.91 EPS for the next fiscal year.
Shares of County Bancorp Inc. (NASDAQ:ICBK) opened at 20.01 on Tuesday. County Bancorp Inc. has a 52-week low of $18.12 and a 52-week high of $24.20. The firm has a 50-day moving average of $20.46 and a 200-day moving average of $20.72. The company has a market cap of $130.65 million, a P/E ratio of 11.98 and a beta of 0.36.
In other news, Director Wayne D. Mueller sold 10,000 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $20.19, for a total transaction of $201,900.00. Following the transaction, the director now directly owns 128,250 shares in the company, valued at $2,589,367.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Timothy J. Schneider sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $20.84, for a total transaction of $41,680.00. Following the transaction, the president now owns 131,558 shares in the company, valued at $2,741,668.72. The disclosure for this sale can be found here. Insiders own 30.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp acquired a new position in County Bancorp during the second quarter worth about $758,000. Teachers Advisors Inc. acquired a new position in County Bancorp during the second quarter worth about $162,000. BlackRock Institutional Trust Company N.A. acquired a new position in County Bancorp during the second quarter worth about $592,000. BlackRock Fund Advisors increased its position in County Bancorp by 15,267.2% in the second quarter. BlackRock Fund Advisors now owns 113,871 shares of the financial services provider’s stock worth $2,348,000 after buying an additional 113,130 shares in the last quarter. Finally, BlackRock Investment Management LLC increased its position in County Bancorp by 6,476.4% in the second quarter. BlackRock Investment Management LLC now owns 16,704 shares of the financial services provider’s stock worth $344,000 after buying an additional 16,450 shares in the last quarter. Hedge funds and other institutional investors own 22.83% of the company’s stock.
ICBK has been the topic of a number of research analyst reports. Stephens upgraded shares of County Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 2nd. Robert W. Baird upped their target price on shares of County Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 24th. Finally, Zacks Investment Research upgraded shares of County Bancorp from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research note on Thursday, August 25th.
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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