County Bancorp Inc. (ICBK) Director Acquires $128,992.50 in Stock
County Bancorp Inc. (NASDAQ:ICBK) Director Rick Dercks acquired 6,370 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was acquired at an average cost of $20.25 per share, for a total transaction of $128,992.50. Following the completion of the acquisition, the director now owns 18,898 shares of the company’s stock, valued at approximately $382,684.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of County Bancorp Inc. (NASDAQ:ICBK) opened at 21.90 on Tuesday. County Bancorp Inc. has a 52 week low of $18.25 and a 52 week high of $24.20. The firm has a market capitalization of $143.05 million, a price-to-earnings ratio of 13.81 and a beta of 0.36. The stock has a 50 day moving average price of $20.17 and a 200-day moving average price of $20.64.
County Bancorp (NASDAQ:ICBK) last announced its earnings results on Thursday, October 20th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by $0.01. County Bancorp had a net margin of 19.97% and a return on equity of 10.56%. On average, analysts anticipate that County Bancorp Inc. will post $1.60 EPS for the current year.
Several brokerages have commented on ICBK. Zacks Investment Research raised County Bancorp from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a report on Thursday, August 25th. Stephens raised County Bancorp from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 2nd. Finally, Robert W. Baird raised their price objective on County Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 24th.
Several hedge funds have recently made changes to their positions in ICBK. Emerald Acquisition Ltd. purchased a new stake in shares of County Bancorp during the third quarter worth about $109,000. Acrospire Investment Management LLC increased its stake in County Bancorp by 107.4% in the third quarter. Acrospire Investment Management LLC now owns 5,808 shares of the financial services provider’s stock valued at $116,000 after buying an additional 3,008 shares in the last quarter. Teachers Advisors Inc. bought a new stake in County Bancorp during the second quarter valued at approximately $162,000. ClariVest Asset Management LLC bought a new stake in County Bancorp during the third quarter valued at approximately $165,000. Finally, California State Teachers Retirement System bought a new stake in County Bancorp during the second quarter valued at approximately $208,000. 25.88% of the stock is owned by hedge funds and other institutional investors.
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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