Timothy J. Schneider Sells 2,000 Shares of County Bancorp Inc. (ICBK) Stock
County Bancorp Inc. (NASDAQ:ICBK) President Timothy J. Schneider sold 2,000 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $20.72, for a total value of $41,440.00. Following the transaction, the president now owns 127,558 shares in the company, valued at approximately $2,643,001.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of County Bancorp Inc. (NASDAQ:ICBK) opened at 20.55 on Monday. County Bancorp Inc. has a 12-month low of $17.25 and a 12-month high of $24.20. The company has a 50 day moving average price of $20.62 and a 200 day moving average price of $20.58. The firm has a market cap of $134.17 million, a PE ratio of 12.31 and a beta of 0.34.
County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.18. County Bancorp had a return on equity of 11.40% and a net margin of 22.32%. On average, analysts forecast that County Bancorp Inc. will post $1.60 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.97%. The ex-dividend date was Wednesday, August 31st. County Bancorp’s dividend payout ratio (DPR) is presently 11.90%.
ICBK has been the topic of several research reports. Stephens upgraded County Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded County Bancorp from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Thursday, August 25th. Finally, Robert W. Baird raised their target price on County Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, August 24th.
Institutional investors have recently modified their holdings of the stock. Schmidt P J Investment Management Inc. bought a new position in shares of County Bancorp during the second quarter valued at about $322,000. Royce & Associates LP boosted its position in shares of County Bancorp by 8.2% in the first quarter. Royce & Associates LP now owns 102,500 shares of the financial services provider’s stock valued at $2,058,000 after buying an additional 7,800 shares during the period. Sii Investments Inc. WI bought a new position in shares of County Bancorp during the first quarter valued at about $1,030,000. State Street Corp bought a new position in shares of County Bancorp during the second quarter valued at about $758,000. Finally, Teachers Advisors Inc. bought a new position in shares of County Bancorp during the second quarter valued at about $162,000. Hedge funds and other institutional investors own 22.23% of the company’s stock.
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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