County Bancorp Inc (ICBK) Receives Average Recommendation of “Hold” from Brokerages
Shares of County Bancorp Inc (NASDAQ:ICBK) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.40.
A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded County Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Maxim Group restated a “buy” rating and set a $35.00 price objective on shares of County Bancorp in a research note on Friday, January 19th. TheStreet upgraded County Bancorp from a “c” rating to a “b-” rating in a research note on Tuesday, January 16th. Hovde Group started coverage on County Bancorp in a research note on Tuesday, January 23rd. They set a “market perform” rating and a $34.00 price objective for the company. Finally, Zacks Investment Research downgraded County Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th.
In related news, CFO Glen L. Stiteley acquired 1,615 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was purchased at an average cost of $30.84 per share, for a total transaction of $49,806.60. Following the purchase, the chief financial officer now directly owns 5,109 shares in the company, valued at $157,561.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 26.30% of the stock is owned by corporate insiders.
Shares of County Bancorp (NASDAQ ICBK) traded up $0.61 during midday trading on Friday, hitting $27.76. The stock had a trading volume of 4,000 shares, compared to its average volume of 11,402. County Bancorp has a 1-year low of $22.73 and a 1-year high of $35.89. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.09. The company has a market cap of $181.18, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.58 and a beta of 0.35.
County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). County Bancorp had a net margin of 19.80% and a return on equity of 8.10%. The firm had revenue of $12.16 million during the quarter, compared to the consensus estimate of $11.97 million. research analysts forecast that County Bancorp will post 2.15 EPS for the current year.
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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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