Northern Trust Corp lowered its position in shares of County Bancorp Inc (NASDAQ:ICBK) by 4.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,263 shares of the financial services provider’s stock after selling 2,278 shares during the quarter. Northern Trust Corp owned about 0.70% of County Bancorp worth $1,110,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Royce & Associates LP raised its stake in County Bancorp by 17.6% in the second quarter. Royce & Associates LP now owns 113,495 shares of the financial services provider’s stock valued at $2,724,000 after purchasing an additional 16,995 shares in the last quarter. Bank of New York Mellon Corp raised its stake in County Bancorp by 14.0% in the second quarter. Bank of New York Mellon Corp now owns 16,530 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 2,034 shares in the last quarter. Teachers Advisors LLC raised its stake in County Bancorp by 15.4% in the second quarter. Teachers Advisors LLC now owns 9,038 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 1,205 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in County Bancorp by 1.3% in the second quarter. TIAA CREF Investment Management LLC now owns 14,053 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 180 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in County Bancorp in the first quarter valued at about $1,116,000. 27.61% of the stock is owned by institutional investors and hedge funds.

County Bancorp Inc (ICBK) opened at $33.35 on Thursday. The company has a market capitalization of $222.56 and a PE ratio of 20.03. County Bancorp Inc has a 52 week low of $20.85 and a 52 week high of $35.89. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.11 and a quick ratio of 1.11.

County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.08. The business had revenue of $12.05 million during the quarter, compared to the consensus estimate of $11.97 million. County Bancorp had a return on equity of 9.24% and a net margin of 19.80%. equities analysts expect that County Bancorp Inc will post 1.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, December 7th. County Bancorp’s payout ratio is 14.29%.

A number of research analysts recently commented on ICBK shares. Zacks Investment Research raised County Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Monday, October 23rd. Maxim Group reaffirmed a “buy” rating and issued a $33.00 price target on shares of County Bancorp in a research note on Monday, October 23rd. Finally, ValuEngine downgraded County Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

In other County Bancorp news, CFO Glen L. Stiteley bought 1,260 shares of the stock in a transaction on Tuesday, October 24th. The stock was purchased at an average price of $30.00 per share, with a total value of $37,800.00. Following the completion of the purchase, the chief financial officer now owns 3,094 shares in the company, valued at $92,820. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 26.30% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for County Bancorp (NASDAQ:ICBK)

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