County Bancorp, Inc. (ICBK) Director Sells $65,813.31 in Stock
County Bancorp, Inc. (NASDAQ:ICBK) Director Wayne D. Mueller sold 2,621 shares of County Bancorp stock in a transaction on Friday, August 25th. The stock was sold at an average price of $25.11, for a total transaction of $65,813.31. Following the transaction, the director now owns 100,000 shares in the company, valued at approximately $2,511,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
County Bancorp, Inc. (ICBK) opened at 29.98 on Friday. County Bancorp, Inc. has a 52 week low of $19.50 and a 52 week high of $35.89. The stock has a market cap of $199.10 million, a PE ratio of 18.44 and a beta of 0.52. The stock’s 50 day moving average is $25.60 and its 200 day moving average is $26.68.
County Bancorp (NASDAQ:ICBK) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.16. County Bancorp had a return on equity of 9.04% and a net margin of 19.27%. The firm had revenue of $11.41 million for the quarter, compared to analysts’ expectations of $11.36 million. Analysts predict that County Bancorp, Inc. will post $1.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, September 7th. County Bancorp’s dividend payout ratio (DPR) is presently 14.72%.
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A number of hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC increased its stake in shares of County Bancorp by 15.4% in the second quarter. Teachers Advisors LLC now owns 9,038 shares of the financial services provider’s stock worth $217,000 after buying an additional 1,205 shares during the period. Martingale Asset Management L P increased its stake in shares of County Bancorp by 21.0% in the second quarter. Martingale Asset Management L P now owns 19,605 shares of the financial services provider’s stock worth $471,000 after buying an additional 3,401 shares during the period. Royce & Associates LP increased its stake in shares of County Bancorp by 17.6% in the second quarter. Royce & Associates LP now owns 113,495 shares of the financial services provider’s stock worth $2,724,000 after buying an additional 16,995 shares during the period. Bank of New York Mellon Corp increased its stake in shares of County Bancorp by 14.0% in the second quarter. Bank of New York Mellon Corp now owns 16,530 shares of the financial services provider’s stock worth $397,000 after buying an additional 2,034 shares during the period. Finally, First Manhattan Co. increased its stake in shares of County Bancorp by 50.0% in the second quarter. First Manhattan Co. now owns 7,500 shares of the financial services provider’s stock worth $180,000 after buying an additional 2,500 shares during the period. 27.11% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on ICBK shares. Zacks Investment Research cut shares of County Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Maxim Group reiterated a “buy” rating and set a $33.00 price target on shares of County Bancorp in a research note on Thursday, July 20th.
County Bancorp Company Profile
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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