Brokerages Set County Bancorp Inc (NASDAQ:ICBK) Target Price at $21.00

County Bancorp Inc (NASDAQ:ICBK) has been given an average rating of “Buy” by the seven brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $21.00.

Several equities research analysts have recently commented on the company. ValuEngine raised County Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised County Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Maxim Group set a $23.00 price objective on County Bancorp and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, DA Davidson reiterated a “buy” rating on shares of County Bancorp in a research report on Monday, November 18th.

Shares of ICBK traded up $0.34 during trading hours on Friday, reaching $24.84. The company had a trading volume of 3,474 shares, compared to its average volume of 4,121. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.56. County Bancorp has a 12-month low of $16.24 and a 12-month high of $24.97. The firm has a 50 day simple moving average of $22.69 and a 200-day simple moving average of $19.15. The company has a market capitalization of $161.47 million, a price-to-earnings ratio of 12.18 and a beta of 0.75.

County Bancorp (NASDAQ:ICBK) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.32. County Bancorp had a net margin of 19.92% and a return on equity of 10.48%. The firm had revenue of $14.29 million for the quarter, compared to the consensus estimate of $13.16 million. Sell-side analysts forecast that County Bancorp will post 2.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 0.81%. County Bancorp’s payout ratio is 9.80%.

Several institutional investors and hedge funds have recently modified their holdings of ICBK. Advisor Group Inc. purchased a new position in shares of County Bancorp during the 2nd quarter worth approximately $285,000. Acadian Asset Management LLC lifted its stake in County Bancorp by 38.6% in the 2nd quarter. Acadian Asset Management LLC now owns 5,250 shares of the financial services provider’s stock valued at $90,000 after buying an additional 1,462 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in County Bancorp in the 2nd quarter valued at approximately $718,000. Renaissance Technologies LLC grew its holdings in County Bancorp by 80.5% during the 2nd quarter. Renaissance Technologies LLC now owns 47,300 shares of the financial services provider’s stock valued at $808,000 after buying an additional 21,100 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new stake in County Bancorp during the 2nd quarter valued at $408,000. 26.25% of the stock is owned by institutional investors and hedge funds.

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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