Analysts predict that County Bancorp Inc (NASDAQ:ICBK) will post earnings per share of $0.54 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for County Bancorp’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.53. County Bancorp posted earnings per share of $0.29 during the same quarter last year, which would indicate a positive year-over-year growth rate of 86.2%. The company is scheduled to report its next earnings results on Thursday, July 19th.
According to Zacks, analysts expect that County Bancorp will report full year earnings of $2.20 per share for the current year, with EPS estimates ranging from $2.09 to $2.26. For the next fiscal year, analysts forecast that the company will report earnings of $2.33 per share, with EPS estimates ranging from $2.25 to $2.41. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow County Bancorp.
County Bancorp (NASDAQ:ICBK) last announced its quarterly earnings results on Thursday, April 19th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The business had revenue of $12.31 million during the quarter, compared to analyst estimates of $12.22 million. County Bancorp had a return on equity of 8.98% and a net margin of 18.63%.
Several equities research analysts have recently issued reports on ICBK shares. DA Davidson started coverage on County Bancorp in a report on Friday, February 9th. They set a “neutral” rating and a $31.00 price target for the company. Zacks Investment Research lowered County Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Hovde Group restated a “hold” rating and issued a $33.00 target price on shares of County Bancorp in a report on Friday, March 16th. Finally, Maxim Group restated a “buy” rating and issued a $35.00 target price on shares of County Bancorp in a report on Tuesday, April 24th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $32.75.
Shares of County Bancorp opened at $27.09 on Monday, MarketBeat Ratings reports. The stock has a market cap of $184.11 million, a PE ratio of 18.18, a PEG ratio of 1.56 and a beta of 0.34. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.06 and a quick ratio of 1.06. County Bancorp has a 52-week low of $23.30 and a 52-week high of $33.94.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be issued a $0.07 dividend. The ex-dividend date is Thursday, June 7th. This represents a $0.28 annualized dividend and a yield of 1.03%. County Bancorp’s dividend payout ratio (DPR) is currently 18.79%.
In other County Bancorp news, President Timothy J. Schneider sold 1,000 shares of County Bancorp stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $27.55, for a total value of $27,550.00. Following the transaction, the president now directly owns 113,882 shares of the company’s stock, valued at approximately $3,137,449.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark Andrew Miller sold 2,919 shares of County Bancorp stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $27.86, for a total value of $81,323.34. Following the completion of the transaction, the insider now directly owns 27,284 shares in the company, valued at $760,132.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,438 shares of company stock valued at $318,891. Corporate insiders own 25.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its position in County Bancorp by 73.3% in the 3rd quarter. Wells Fargo & Company MN now owns 4,948 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,093 shares during the period. Deutsche Bank AG increased its position in shares of County Bancorp by 92.7% during the fourth quarter. Deutsche Bank AG now owns 15,976 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 7,685 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of County Bancorp during the third quarter valued at approximately $268,000. Finally, Context BH Capital Management LP bought a new stake in shares of County Bancorp during the fourth quarter valued at approximately $517,000. 25.74% of the stock is currently owned by institutional investors.
About County Bancorp
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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