County Bancorp Inc (NASDAQ:ICBK) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 2,600 shares, a decrease of 54.4% from the December 31st total of 5,700 shares. Based on an average daily trading volume, of 6,200 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Several equities research analysts have commented on ICBK shares. Stephens lowered County Bancorp from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective on the stock. in a research report on Thursday, December 19th. ValuEngine lowered County Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday. DA Davidson lowered County Bancorp from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research report on Monday. Zacks Investment Research lowered County Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 22nd. Finally, Maxim Group set a $23.00 price objective on County Bancorp and gave the stock a “buy” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.67.

In related news, Director Gary J. Ziegelbauer sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $24.68, for a total value of $271,480.00. Following the sale, the director now owns 381,091 shares in the company, valued at $9,405,325.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. 23.30% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in shares of County Bancorp by 330.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,902 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,460 shares in the last quarter. WoodTrust Financial Corp purchased a new position in shares of County Bancorp during the 4th quarter valued at approximately $205,000. Morgan Stanley lifted its position in shares of County Bancorp by 360.2% during the 2nd quarter. Morgan Stanley now owns 8,698 shares of the financial services provider’s stock valued at $149,000 after buying an additional 6,808 shares in the last quarter. Legacy Private Trust Co. lifted its position in shares of County Bancorp by 30.8% during the 4th quarter. Legacy Private Trust Co. now owns 17,495 shares of the financial services provider’s stock valued at $448,000 after buying an additional 4,115 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of County Bancorp during the 2nd quarter valued at approximately $395,000. Hedge funds and other institutional investors own 26.40% of the company’s stock.

County Bancorp stock traded up $0.18 during mid-day trading on Tuesday, hitting $25.73. The company had a trading volume of 4,844 shares, compared to its average volume of 7,453. County Bancorp has a 12-month low of $16.24 and a 12-month high of $27.98. The company has a market capitalization of $177.75 million, a price-to-earnings ratio of 10.90 and a beta of 0.76. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average is $26.25 and its 200-day moving average is $21.56.

County Bancorp (NASDAQ:ICBK) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). County Bancorp had a net margin of 20.64% and a return on equity of 10.60%. The business had revenue of $13.26 million for the quarter, compared to analysts’ expectations of $13.22 million. As a group, sell-side analysts expect that County Bancorp will post 1.89 EPS for the current fiscal year.

County Bancorp Company Profile

County Bancorp, Inc operates as the bank holding company for Investors Community Bank that provides a range of consumer and commercial banking services to individuals, businesses, and industries primarily in northeastern and central Wisconsin. The company accepts demand interest bearing and noninterest bearing, money market deposit, NOW, checking, and savings accounts, as well as time deposits.

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