Wayne D. Mueller Sells 1,500 Shares of County Bancorp Inc. (ICBK) Stock
County Bancorp Inc. (NASDAQ:ICBK) Director Wayne D. Mueller sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $20.89, for a total transaction of $31,335.00. Following the transaction, the director now owns 128,250 shares of the company’s stock, valued at $2,679,142.50. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of County Bancorp Inc. (NASDAQ:ICBK) opened at 23.13 on Monday. The company has a market capitalization of $151.73 million, a price-to-earnings ratio of 14.51 and a beta of 0.36. County Bancorp Inc. has a 1-year low of $18.25 and a 1-year high of $24.20. The stock has a 50 day moving average of $20.48 and a 200-day moving average of $20.70.
County Bancorp (NASDAQ:ICBK) last released its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.46 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%. Analysts forecast that County Bancorp Inc. will post $1.60 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be given a $0.05 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. County Bancorp’s dividend payout ratio (DPR) is currently 12.58%.
Several institutional investors have recently added to or reduced their stakes in ICBK. California State Teachers Retirement System purchased a new position in County Bancorp during the second quarter worth approximately $208,000. Schmidt P J Investment Management Inc. bought a new stake in shares of County Bancorp during the second quarter valued at about $322,000. North Star Asset Management Inc. bought a new stake in shares of County Bancorp during the third quarter valued at about $790,000. Creative Planning bought a new stake in shares of County Bancorp during the second quarter valued at about $230,000. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of County Bancorp by 4.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 29,964 shares of the financial services provider’s stock valued at $600,000 after buying an additional 1,278 shares during the last quarter. Institutional investors own 26.11% of the company’s stock.
Several equities analysts have issued reports on ICBK shares. Zacks Investment Research cut shares of County Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Robert W. Baird upped their price target on shares of County Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, August 24th. Finally, Stephens upgraded shares of County Bancorp from an “equal weight” rating to an “overweight” rating in a research 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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