William C. Censky Sells 7,579 Shares of County Bancorp Inc. (ICBK) Stock
County Bancorp Inc. (NASDAQ:ICBK) Chairman William C. Censky sold 7,579 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $22.91, for a total transaction of $173,634.89. Following the completion of the transaction, the chairman now owns 243,341 shares of the company’s stock, valued at approximately $5,574,942.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
County Bancorp Inc. (NASDAQ:ICBK) traded down 0.18% during mid-day trading on Tuesday, hitting $22.76. 310 shares of the stock were exchanged. County Bancorp Inc. has a one year low of $18.25 and a one year high of $24.20. The company has a 50-day moving average price of $20.55 and a 200-day moving average price of $20.74. The company has a market cap of $149.31 million, a P/E ratio of 14.28 and a beta of 0.36.
County Bancorp (NASDAQ:ICBK) last posted its earnings results on Thursday, October 20th. The financial services provider reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate 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 fiscal 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 given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, November 30th. County Bancorp’s dividend payout ratio (DPR) is 12.58%.
Several hedge funds and other institutional investors have recently bought and sold shares of ICBK. The Manufacturers Life Insurance Company acquired a new position in shares of County Bancorp during the third quarter valued at about $5,002,000. Banc Funds Co. LLC increased its position in shares of County Bancorp by 91.3% in the third quarter. Banc Funds Co. LLC now owns 207,335 shares of the financial services provider’s stock valued at $4,149,000 after buying an additional 98,954 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of County Bancorp during the third quarter valued at about $3,668,000. BlackRock Fund Advisors increased 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 valued at $2,348,000 after buying an additional 113,130 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of County Bancorp by 5.2% in the third quarter. Northern Trust Corp now owns 45,989 shares of the financial services provider’s stock valued at $921,000 after buying an additional 2,270 shares during the last quarter. 26.11% of the stock is currently owned by hedge funds and other institutional investors.
ICBK has been the subject of a number of analyst reports. Zacks Investment Research downgraded 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 objective on shares of County Bancorp from $25.00 to $26.00 and gave the stock 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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