County Bancorp, Inc. (ICBK) To Go Ex-Dividend on September 7th
County Bancorp, Inc. (NASDAQ:ICBK) declared a quarterly dividend on Friday, August 18th, Wall Street Journal reports. Investors of record on Friday, September 8th will be given a dividend of 0.06 per share by the financial services provider on Friday, September 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 7th.
County Bancorp (NASDAQ:ICBK) opened at 30.40 on Friday. The company’s 50-day moving average price is $25.78 and its 200-day moving average price is $26.70. County Bancorp has a 12-month low of $19.50 and a 12-month high of $35.89. The company has a market cap of $201.89 million, a PE ratio of 18.70 and a beta of 0.46.
County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.16. The firm had revenue of $11.41 million during the quarter, compared to analysts’ expectations of $11.36 million. County Bancorp had a net margin of 19.27% and a return on equity of 9.04%. Equities analysts anticipate that County Bancorp will post $1.56 earnings per share for the current year.
In other news, Director Gary J. Ziegelbauer sold 3,367 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $30.62, for a total transaction of $103,097.54. Following the completion of the transaction, the director now directly owns 405,518 shares of the company’s stock, valued at approximately $12,416,961.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Timothy J. Schneider sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $25.00, for a total transaction of $75,000.00. Following the transaction, the president now directly owns 119,379 shares of the company’s stock, valued at $2,984,475. The disclosure for this sale can be found here. Insiders have sold a total of 17,359 shares of company stock valued at $453,186 over the last three months. Insiders own 26.30% of the company’s stock.
A hedge fund recently raised its stake in County Bancorp stock. State Street Corp increased its position in shares of County Bancorp, Inc. (NASDAQ:ICBK) by 12.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,821 shares of the financial services provider’s stock after buying an additional 7,323 shares during the period. State Street Corp owned approximately 0.98% of County Bancorp worth $1,557,000 at the end of the most recent quarter. Institutional investors own 27.11% of the company’s stock.
ICBK has been the subject of a number of research reports. Maxim Group reissued a “buy” rating and set a $33.00 target price on shares of County Bancorp in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of County Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, July 24th.
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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