Zacks Investment Research downgraded shares of County Bancorp, Inc. (NASDAQ:ICBK) from a buy rating to a hold rating in a report released on Thursday.

According to Zacks, “County Bancorp, Inc. is a bank holding company. It provides a range of consumer and commercial banking services to individuals, businesses, and industries. The basic services offered by the Bank include demand interest bearing and noninterest bearing accounts, money market deposit accounts, NOW accounts, time deposits, remote merchant deposit capture, Internet banking, cash management services, safe deposit services, credit cards, debit cards, direct deposits, notary services, night depository, cashiers’ checks, drive-in tellers, banking by mail, and the full range of consumer loans, both collateralized and uncollateralized. The Bank also makes secured and unsecured commercial loans, as well as loans secured by residential and commercial real estate, and issues stand-by letters of credit. County Bancorp, Inc. is headquartered in Manitowoc, Wisconsin. “

Separately, 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.

County Bancorp (NASDAQ ICBK) traded down $0.63 during midday trading on Thursday, reaching $29.97. The company had a trading volume of 9,671 shares, compared to its average volume of 10,513. County Bancorp has a 1 year low of $20.85 and a 1 year high of $35.89. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.09. The firm has a market cap of $204.21 and a P/E ratio of 17.19.

County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. County Bancorp had a return on equity of 9.24% and a net margin of 19.80%. The firm had revenue of $12.05 million during the quarter, compared to the consensus estimate of $11.97 million. research analysts predict that County Bancorp will post 1.62 EPS for the current fiscal year.

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In related news, insider Glen L. Stiteley bought 1,676 shares of the business’s stock in a transaction on Monday, August 28th. The stock was acquired at an average cost of $25.36 per share, with a total value of $42,503.36. Following the purchase, the insider now directly owns 1,134 shares of the company’s stock, valued at $28,758.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Wayne D. Mueller sold 2,621 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $25.11, for a total value of $65,813.31. Following the completion of the sale, the director now directly owns 100,000 shares of the company’s stock, valued at $2,511,000. The disclosure for this sale can be found here. 26.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of County Bancorp in the 3rd quarter worth $141,000. Wells Fargo & Company MN increased its stake in shares of 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 acquiring an additional 2,093 shares during the last quarter. First Manhattan Co. increased its stake in shares of County Bancorp by 50.0% in the 2nd quarter. First Manhattan Co. now owns 7,500 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 2,500 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in shares of County Bancorp in the 3rd quarter worth $226,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of County Bancorp during the 3rd quarter worth $268,000. 25.25% of the stock is owned by institutional investors and hedge funds.

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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