Glen L. Stiteley Buys 1,676 Shares of County Bancorp, Inc. (ICBK) Stock
County Bancorp, Inc. (NASDAQ:ICBK) insider Glen L. Stiteley bought 1,676 shares of County Bancorp stock in a transaction dated Monday, August 28th. The stock was acquired at an average cost of $25.36 per share, for a total transaction of $42,503.36. Following the purchase, the insider now directly owns 1,134 shares in the company, valued at approximately $28,758.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of County Bancorp, Inc. (NASDAQ ICBK) opened at 30.51 on Thursday. The firm has a market capitalization of $202.62 million, a P/E ratio of 18.76 and a beta of 0.52. County Bancorp, Inc. has a 12 month low of $19.50 and a 12 month high of $35.89. The company has a 50 day moving average of $24.95 and a 200-day moving average of $26.63.
County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.16. The business had revenue of $11.41 million during the quarter, compared to the consensus estimate of $11.36 million. County Bancorp had a return on equity of 9.04% and a net margin of 19.27%. Analysts predict that County Bancorp, Inc. will post $1.56 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a $0.06 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. County Bancorp’s dividend payout ratio is currently 14.72%.
A number of brokerages recently weighed in on ICBK. Maxim Group reiterated a “buy” rating and issued a $33.00 price target on shares of County Bancorp in a research report on Thursday, July 20th. Zacks Investment Research upgraded shares of County Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, June 26th.
Several large investors have recently modified their holdings of ICBK. Bank of Montreal Can raised its stake in shares of County Bancorp by 21.8% in the first quarter. Bank of Montreal Can now owns 223,374 shares of the financial services provider’s stock worth $6,491,000 after buying an additional 40,052 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of County Bancorp during the first quarter worth $1,116,000. Royce & Associates LP raised its stake in shares of County Bancorp by 17.6% in the second quarter. Royce & Associates LP now owns 113,495 shares of the financial services provider’s stock worth $2,724,000 after buying an additional 16,995 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of County Bancorp by 9.0% in the second quarter. Vanguard Group Inc. now owns 177,216 shares of the financial services provider’s stock worth $4,253,000 after buying an additional 14,563 shares in the last quarter. Finally, State Street Corp raised its stake in shares of County Bancorp by 12.7% in the second quarter. State Street Corp now owns 64,821 shares of the financial services provider’s stock worth $1,557,000 after buying an additional 7,323 shares in the last quarter. Hedge funds and other institutional investors own 27.11% of the company’s stock.
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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