Insider Selling: County Bancorp Inc. (ICBK) President Sells 2,000 Shares of Stock
County Bancorp Inc. (NASDAQ:ICBK) President Timothy J. Schneider sold 2,000 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $23.06, for a total transaction of $46,120.00. Following the sale, the president now directly owns 117,558 shares in the company, valued at approximately $2,710,887.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of County Bancorp Inc. (NASDAQ:ICBK) traded down 0.18% during trading on Tuesday, reaching $22.76. 310 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $20.55 and its 200 day moving average price is $20.74. 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 $149.31 million, a PE ratio of 14.28 and a beta of 0.36.
County Bancorp (NASDAQ:ICBK) last issued its earnings results on Thursday, October 20th. The financial services provider reported $0.46 earnings per share for the quarter, missing the Zacks’ 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%. Analysts predict that County Bancorp Inc. will post $1.60 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be issued 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 0.88%. County Bancorp’s dividend payout ratio (DPR) is presently 12.58%.
Several hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System purchased a new stake in County Bancorp during the second quarter worth $208,000. Schmidt P J Investment Management Inc. purchased a new stake in County Bancorp during the second quarter worth $322,000. North Star Asset Management Inc. purchased a new stake in County Bancorp during the third quarter worth $790,000. Creative Planning purchased a new stake in County Bancorp during the second quarter worth $230,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in 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 worth $600,000 after buying an additional 1,278 shares during the period. 26.11% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on ICBK shares. Zacks Investment Research downgraded shares of County Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 25th. Robert W. Baird boosted their price objective on shares of County Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, August 24th. Finally, Stephens raised shares of 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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