County Bancorp Inc. (ICBK) To Go Ex-Dividend on November 30th
County Bancorp Inc. (NASDAQ:ICBK) declared a quarterly dividend on Thursday, November 17th. Stockholders of record on Friday, December 2nd will be given a dividend of 0.05 per share by the financial services provider on Friday, December 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, November 30th.
County Bancorp (NASDAQ:ICBK) opened at 23.01 on Friday. County Bancorp has a 12-month low of $18.25 and a 12-month high of $24.20. The stock’s 50 day moving average price is $20.75 and its 200 day moving average price is $20.77. The company has a market capitalization of $150.95 million, a PE ratio of 14.44 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 for the quarter, missing the Thomson Reuters’ 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%. On average, equities analysts anticipate that County Bancorp will post $1.60 EPS for the current fiscal year.
In other County Bancorp news, President Timothy J. Schneider sold 2,000 shares of County Bancorp stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $20.84, for a total value of $41,680.00. Following the transaction, the president now directly owns 131,558 shares of the company’s stock, valued at $2,741,668.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman William C. Censky sold 10,000 shares of County Bancorp stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $21.80, for a total transaction of $218,000.00. Following the completion of the transaction, the chairman now directly owns 250,920 shares in the company, valued at $5,470,056. The disclosure for this sale can be found here. Corporate insiders own 30.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in County Bancorp during the third quarter valued at about $5,002,000. Northern Trust Corp raised its position in 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 in the last quarter. Emerald Acquisition Ltd. purchased a new position in County Bancorp during the third quarter valued at about $109,000. California State Teachers Retirement System raised its position in County Bancorp by 1.0% in the third quarter. California State Teachers Retirement System now owns 10,185 shares of the financial services provider’s stock valued at $204,000 after buying an additional 100 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position 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 valued at $600,000 after buying an additional 1,278 shares in the last quarter. 26.11% of the stock is currently owned by institutional investors and hedge funds.
ICBK has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of County Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 25th. Robert W. Baird lifted their price objective on shares of County Bancorp from $25.00 to $26.00 and gave the company 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.
County Bancorp Company Profile
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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