County Bancorp (ICBK) Earns Coverage Optimism Rating of 0.12
News coverage about County Bancorp (NASDAQ:ICBK) has been trending somewhat positive this week, according to Alpha One. Alpha One, a division of Accern, ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. County Bancorp earned a media sentiment score of 0.12 on Alpha One’s scale. Alpha One also assigned media headlines about the financial services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Several research analysts recently commented on the company. Zacks Investment Research lowered County Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Robert W. Baird lowered County Bancorp from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $30.00 to $31.00 in a research report on Monday, April 24th. Finally, Maxim Group restated a “buy” rating and set a $35.00 target price on shares of County Bancorp in a research report on Wednesday, March 22nd.
County Bancorp (ICBK) traded down 0.17% during mid-day trading on Monday, hitting $24.09. 1,307 shares of the stock traded hands. The stock has a 50-day moving average price of $24.71 and a 200-day moving average price of $26.86. County Bancorp has a 12 month low of $19.35 and a 12 month high of $35.89. The stock has a market cap of $159.45 million, a P/E ratio of 14.74 and a beta of 0.50.
County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.07. The company had revenue of $10.91 million for the quarter, compared to analysts’ expectations of $11.22 million. County Bancorp had a return on equity of 10.34% and a net margin of 19.53%. On average, equities analysts forecast that County Bancorp will post $1.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, June 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.00%. County Bancorp’s payout ratio is currently 14.63%.
In other news, President Timothy J. Schneider sold 2,000 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $25.04, for a total value of $50,080.00. Following the sale, the president now directly owns 124,658 shares in the company, valued at approximately $3,121,436.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman William C. Censky sold 15,000 shares of the firm’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $29.05, for a total transaction of $435,750.00. Following the completion of the sale, the chairman now owns 247,298 shares in the company, valued at $7,184,006.90. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 5,805 shares of company stock valued at $154,538 and have sold 20,279 shares valued at $568,025. Company insiders own 26.30% of the company’s stock.
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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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