County Bancorp, Inc. (NASDAQ:ICBK) President Timothy J. Schneider sold 2,000 shares of the stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the transaction, the president now owns 116,379 shares of the company’s stock, valued at approximately $2,909,475. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of County Bancorp, Inc. (ICBK) traded up 0.32% during midday trading on Friday, reaching $25.12. The company had a trading volume of 1,817 shares. The firm has a market cap of $166.82 million, a P/E ratio of 15.60 and a beta of 0.51. County Bancorp, Inc. has a 52-week low of $19.50 and a 52-week high of $35.89. The company’s 50-day moving average is $24.50 and its 200-day moving average is $26.89.
County Bancorp (NASDAQ:ICBK) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by $0.16. County Bancorp had a net margin of 19.53% and a return on equity of 9.13%. The business had revenue of $11.41 million during the quarter, compared to analyst estimates of $11.36 million. Equities research analysts expect that County Bancorp, Inc. will post $1.60 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of ICBK. Bank of Montreal Can boosted its position in 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 during the last quarter. Goldman Sachs Group Inc. acquired a new position in County Bancorp during the first quarter worth about $1,116,000. Geode Capital Management LLC boosted its position in County Bancorp by 7.2% in the first quarter. Geode Capital Management LLC now owns 38,117 shares of the financial services provider’s stock worth $1,107,000 after buying an additional 2,552 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in County Bancorp by 16.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 35,869 shares of the financial services provider’s stock worth $861,000 after buying an additional 5,055 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in County Bancorp by 29.0% in the fourth quarter. Renaissance Technologies LLC now owns 20,900 shares of the financial services provider’s stock worth $564,000 after buying an additional 4,700 shares during the last quarter. 27.31% of the stock is owned by hedge funds and other institutional investors.
ICBK has been the subject of several research analyst reports. Robert W. Baird downgraded County Bancorp from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $30.00 to $31.00 in a research note on Monday, April 24th. Zacks Investment Research downgraded County Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Finally, Maxim Group reissued a “buy” rating and issued a $33.00 price objective on shares of County Bancorp in a research note on Thursday, July 20th.
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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