County Bancorp Inc (ICBK) Director Buys $76,291.07 in Stock

County Bancorp Inc (NASDAQ:ICBK) Director Patrick J. Roe purchased 4,357 shares of the stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average price of $17.51 per share, with a total value of $76,291.07. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ICBK traded up $0.70 on Thursday, hitting $18.00. 11,960 shares of the company’s stock were exchanged, compared to its average volume of 10,273. The firm has a market cap of $118.77 million, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 1.06 and a beta of 0.74. County Bancorp Inc has a twelve month low of $16.24 and a twelve month high of $28.97. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.97.

County Bancorp (NASDAQ:ICBK) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.04. The firm had revenue of $13.31 million for the quarter, compared to analyst estimates of $12.77 million. County Bancorp had a net margin of 18.32% and a return on equity of 9.76%. Research analysts anticipate that County Bancorp Inc will post 2.11 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new position in County Bancorp during the 1st quarter worth approximately $67,000. Strs Ohio raised its stake in shares of County Bancorp by 28.6% in the fourth quarter. Strs Ohio now owns 9,900 shares of the financial services provider’s stock worth $171,000 after buying an additional 2,200 shares during the period. First Manhattan Co. raised its stake in shares of County Bancorp by 64.5% in the fourth quarter. First Manhattan Co. now owns 12,337 shares of the financial services provider’s stock worth $214,000 after buying an additional 4,837 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of County Bancorp by 24.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,167 shares of the financial services provider’s stock worth $232,000 after buying an additional 2,567 shares during the period. Finally, Associated Banc Corp raised its stake in shares of County Bancorp by 10.0% in the first quarter. Associated Banc Corp now owns 22,000 shares of the financial services provider’s stock worth $387,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 26.36% of the company’s stock.

ICBK has been the subject of several research analyst reports. DA Davidson lowered their price target on County Bancorp to $23.00 and set an “average” rating for the company in a research report on Tuesday, February 12th. Zacks Investment Research lowered shares of County Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Hovde Group lowered shares of County Bancorp from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $22.00 to $20.00 in a research note on Friday, February 15th. Sandler O’Neill upgraded shares of County Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $18.00 to $20.00 in a research note on Monday, April 22nd. Finally, FIG Partners reiterated a “market-perform” rating on shares of County Bancorp in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. County Bancorp presently has a consensus rating of “Hold” and a consensus target price of $22.40.

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About County Bancorp

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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