County Bancorp (NASDAQ: ICBK) has recently received a number of price target changes and ratings updates:

  • 11/12/2018 – County Bancorp was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating.
  • 11/1/2018 – County Bancorp was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/25/2018 – County Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “County Bancorp, Inc. is a bank holding company. It provides a range of consumer and commercial banking services to individuals, businesses, and industries. The basic services offered by the Bank include demand interest bearing and noninterest bearing accounts, money market deposit accounts, NOW accounts, time deposits, remote merchant deposit capture, Internet banking, cash management services, safe deposit services, credit cards, debit cards, direct deposits, notary services, night depository, cashiers’ checks, drive-in tellers, banking by mail, and the full range of consumer loans, both collateralized and uncollateralized. The Bank also makes secured and unsecured commercial loans, as well as loans secured by residential and commercial real estate, and issues stand-by letters of credit. County Bancorp, Inc. is headquartered in Manitowoc, Wisconsin. “
  • 10/23/2018 – County Bancorp had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $29.00 price target on the stock. They wrote, “ICBK reported 3Q18 EPS of $0.50, matching consensus. In our view, it was a solid quarter, with 1.8% loan growth, a wider NIM, and stable credit quality.””
  • 9/27/2018 – County Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “County Bancorp, Inc. is a bank holding company. It provides a range of consumer and commercial banking services to individuals, businesses, and industries. The basic services offered by the Bank include demand interest bearing and noninterest bearing accounts, money market deposit accounts, NOW accounts, time deposits, remote merchant deposit capture, Internet banking, cash management services, safe deposit services, credit cards, debit cards, direct deposits, notary services, night depository, cashiers’ checks, drive-in tellers, banking by mail, and the full range of consumer loans, both collateralized and uncollateralized. The Bank also makes secured and unsecured commercial loans, as well as loans secured by residential and commercial real estate, and issues stand-by letters of credit. County Bancorp, Inc. is headquartered in Manitowoc, Wisconsin. “

ICBK traded up $0.25 on Tuesday, hitting $20.95. 2,410 shares of the company traded hands, compared to its average volume of 9,614. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.05. The company has a market cap of $138.70 million, a PE ratio of 14.06, a P/E/G ratio of 1.21 and a beta of 0.55. County Bancorp Inc has a 12-month low of $19.41 and a 12-month high of $33.94.

County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.50 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $12.76 million during the quarter, compared to the consensus estimate of $12.54 million. County Bancorp had a return on equity of 9.93% and a net margin of 19.40%. As a group, sell-side analysts expect that County Bancorp Inc will post 2.15 EPS for the current fiscal year.

In other news, Director Gary J. Ziegelbauer sold 1,000 shares of the stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $25.02, for a total transaction of $25,020.00. Following the completion of the transaction, the director now directly owns 395,637 shares of the company’s stock, valued at approximately $9,898,837.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 25.60% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Strs Ohio raised its stake in shares of County Bancorp by 37.3% during the 2nd quarter. Strs Ohio now owns 8,100 shares of the financial services provider’s stock worth $222,000 after buying an additional 2,200 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of County Bancorp by 41.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,600 shares of the financial services provider’s stock worth $292,000 after buying an additional 3,100 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of County Bancorp by 58.3% during the 2nd quarter. Renaissance Technologies LLC now owns 16,700 shares of the financial services provider’s stock worth $459,000 after buying an additional 6,148 shares in the last quarter. Eidelman Virant Capital purchased a new position in shares of County Bancorp during the 3rd quarter worth approximately $487,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of County Bancorp by 68.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 27,472 shares of the financial services provider’s stock worth $802,000 after buying an additional 11,137 shares in the last quarter. 26.32% of the stock is owned by institutional investors and hedge funds.

County Bancorp, Inc operates as the bank holding company for Investors Community Bank that provides a range of banking and related financial services to individuals, businesses, and industries in northeastern and central Wisconsin. The company accepts demand interest bearing and noninterest bearing, money market deposit, NOW, checking, and savings accounts, as well as time deposits.

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