William C. Censky Sells 10,000 Shares of County Bancorp Inc. (ICBK) Stock
County Bancorp Inc. (NASDAQ:ICBK) Chairman William C. Censky sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $21.80, for a total transaction of $218,000.00. Following the completion of the sale, the chairman now directly owns 250,920 shares in the company, valued at approximately $5,470,056. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of County Bancorp Inc. (NASDAQ:ICBK) opened at 23.13 on Monday. The firm has a market cap of $151.73 million, a price-to-earnings ratio of 14.51 and a beta of 0.36. County Bancorp Inc. has a 12-month low of $18.25 and a 12-month high of $24.20. The stock’s 50 day moving average is $20.48 and its 200 day moving average is $20.70.
County Bancorp (NASDAQ:ICBK) last released its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.46 earnings per share 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%. Equities analysts expect that County Bancorp Inc. will post $1.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, November 30th. County Bancorp’s payout ratio is 12.58%.
ICBK has been the topic of a number of analyst reports. Zacks Investment Research cut shares of County Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 25th. Robert W. Baird upped their target price on shares of County Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, August 24th. Finally, Stephens raised shares of County Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 2nd.
Hedge funds have recently made changes to their positions in the company. Creative Planning bought a new stake in shares of County Bancorp during the second quarter valued at approximately $230,000. California State Teachers Retirement System bought a new stake in shares of County Bancorp during the second quarter valued at approximately $208,000. Schmidt P J Investment Management Inc. bought a new stake in shares of County Bancorp during the second quarter valued at approximately $322,000. BlackRock Investment Management LLC increased its stake 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 valued at $344,000 after buying an additional 16,450 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake 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 valued at $2,348,000 after buying an additional 113,130 shares during the last quarter. 26.11% of the stock is owned by institutional investors and hedge funds.
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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