Timothy J. Schneider Sells 2,000 Shares of County Bancorp Inc. (ICBK) Stock
County Bancorp Inc. (NASDAQ:ICBK) President Timothy J. Schneider sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $21.67, for a total value of $43,340.00. Following the transaction, the president now owns 119,558 shares in the company, valued at $2,590,821.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
County Bancorp Inc. (NASDAQ:ICBK) opened at 21.50 on Thursday. The company has a 50-day moving average price of $20.31 and a 200-day moving average price of $20.67. County Bancorp Inc. has a 12-month low of $18.25 and a 12-month high of $24.20. The firm has a market capitalization of $141.04 billion, a PE ratio of 13.44 and a beta of 0.36.
County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.01. County Bancorp had a return on equity of 10.56% and a net margin of 19.97%. On average, analysts predict that County Bancorp Inc. will post $1.60 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of ICBK. Creative Planning bought a new position in shares of County Bancorp during the second quarter worth about $230,000. California State Teachers Retirement System bought a new position in shares of County Bancorp during the second quarter worth about $208,000. Schmidt P J Investment Management Inc. bought a new position in shares of County Bancorp during the second quarter worth about $322,000. BlackRock Investment Management LLC boosted its position in shares of 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 during the period. Finally, BlackRock Fund Advisors boosted its position in shares of 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 during the period. 25.88% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on ICBK shares. Zacks Investment Research cut County Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 25th. Robert W. Baird boosted their target price on County Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, August 24th. Finally, Stephens upgraded County Bancorp from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 2nd.
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.
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