County Bancorp, Inc. (ICBK) Holdings Boosted by Royce & Associates LP
Royce & Associates LP boosted its holdings in County Bancorp, Inc. (NASDAQ:ICBK) by 17.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,495 shares of the financial services provider’s stock after buying an additional 16,995 shares during the quarter. Royce & Associates LP owned 1.71% of County Bancorp worth $2,724,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of ICBK. Goldman Sachs Group Inc. purchased a new position in County Bancorp in the 1st quarter worth about $1,116,000. Emerald Mutual Fund Advisers Trust raised its position in County Bancorp by 16.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 35,869 shares of the financial services provider’s stock worth $861,000 after buying an additional 5,055 shares during the last quarter. Legacy Private Trust Co. raised its position in County Bancorp by 32.0% in the 2nd quarter. Legacy Private Trust Co. now owns 14,880 shares of the financial services provider’s stock worth $357,000 after buying an additional 3,605 shares during the last quarter. Geode Capital Management LLC raised its position in County Bancorp by 7.2% in the 1st quarter. Geode Capital Management LLC now owns 38,117 shares of the financial services provider’s stock worth $1,107,000 after buying an additional 2,552 shares during the last quarter. Finally, First Manhattan Co. raised its position in 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 buying an additional 2,500 shares during the last quarter. 27.11% of the stock is owned by institutional investors and hedge funds.
ICBK has been the subject of a number of recent analyst reports. Maxim Group reissued a “buy” rating and issued a $33.00 target price on shares of County Bancorp in a research report on Thursday, July 20th. Zacks Investment Research raised County Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, June 26th.
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In other County Bancorp news, Director Wayne D. Mueller sold 2,621 shares of the firm’s stock in a transaction dated 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 owns 100,000 shares of the company’s stock, valued at $2,511,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary J. Ziegelbauer sold 3,367 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $30.62, for a total value of $103,097.54. Following the completion of the sale, the director now directly owns 405,518 shares of the company’s stock, valued at approximately $12,416,961.16. The disclosure for this sale can be found here. In the last three months, insiders sold 17,359 shares of company stock valued at $453,186. Corporate insiders own 26.30% of the company’s stock.
County Bancorp, Inc. (NASDAQ:ICBK) opened at 29.23 on Tuesday. County Bancorp, Inc. has a 12 month low of $19.50 and a 12 month high of $35.89. The stock has a market cap of $194.12 million, a price-to-earnings ratio of 17.98 and a beta of 0.47. The firm has a 50-day moving average price of $26.46 and a 200-day moving average price of $26.73.
County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.16. The business had revenue of $11.41 million during the quarter, compared to analyst estimates of $11.36 million. County Bancorp had a return on equity of 9.04% and a net margin of 19.27%. Equities research analysts expect that County Bancorp, Inc. will post $1.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, September 7th. County Bancorp’s dividend payout ratio is presently 14.72%.
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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