$12.22 Million in Sales Expected for County Bancorp (ICBK) This Quarter

Wall Street brokerages expect County Bancorp (NASDAQ:ICBK) to announce $12.22 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for County Bancorp’s earnings, with estimates ranging from $12.04 million to $12.40 million. County Bancorp posted sales of $10.91 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12%. The company is expected to issue its next quarterly earnings report on Thursday, April 19th.

According to Zacks, analysts expect that County Bancorp will report full-year sales of $12.22 million for the current financial year, with estimates ranging from $50.02 million to $51.10 million. For the next year, analysts expect that the company will report sales of $54.16 million per share, with estimates ranging from $53.41 million to $54.90 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for County Bancorp.

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County Bancorp (NASDAQ:ICBK) last issued its earnings results on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). County Bancorp had a net margin of 17.17% and a return on equity of 8.03%. The business had revenue of $12.16 million for the quarter, compared to the consensus estimate of $11.97 million.

A number of equities research analysts have issued reports on ICBK shares. Zacks Investment Research raised shares of County Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, February 14th. TheStreet raised shares of County Bancorp from a “c” rating to a “b-” rating in a report on Tuesday, January 16th. DA Davidson started coverage on shares of County Bancorp in a report on Friday, February 9th. They set a “neutral” rating and a $31.00 target price on the stock. Maxim Group reissued a “buy” rating and set a $35.00 target price on shares of County Bancorp in a report on Friday, January 19th. Finally, Hovde Group started coverage on shares of County Bancorp in a report on Tuesday, January 23rd. They set a “market perform” rating and a $34.00 target price on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.20.

In other news, Director Wayne D. Mueller sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.17, for a total transaction of $135,850.00. Following the completion of the transaction, the director now directly owns 95,000 shares in the company, valued at approximately $2,581,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Glen L. Stiteley purchased 1,615 shares of County Bancorp stock in a transaction dated Wednesday, January 24th. The shares were purchased at an average price of $30.84 per share, with a total value of $49,806.60. Following the completion of the transaction, the chief financial officer now directly owns 5,109 shares in the company, valued at $157,561.56. The disclosure for this purchase can be found here. 26.30% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG grew its position in shares of County Bancorp by 92.7% during the 4th quarter. Deutsche Bank AG now owns 15,976 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 7,685 shares in the last quarter. Context BH Capital Management LP purchased a new position in shares of County Bancorp during the 4th quarter valued at $517,000. Wells Fargo & Company MN grew its position in County Bancorp by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,313 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 2,365 shares in the last quarter. WoodTrust Financial Corp purchased a new position in County Bancorp in the fourth quarter worth $238,000. Finally, Royce & Associates LP grew its position in County Bancorp by 45.9% in the third quarter. Royce & Associates LP now owns 165,595 shares of the financial services provider’s stock worth $4,976,000 after acquiring an additional 52,100 shares in the last quarter. Hedge funds and other institutional investors own 26.14% of the company’s stock.

ICBK stock traded down $0.21 during midday trading on Thursday, reaching $28.55. 3,196 shares of the company’s stock traded hands, compared to its average volume of 10,089. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.09 and a quick ratio of 1.08. County Bancorp has a 52 week low of $22.73 and a 52 week high of $33.94. The stock has a market capitalization of $195.35, a price-to-earnings ratio of 19.16, a PEG ratio of 1.70 and a beta of 0.34.

The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were given a dividend of $0.07 per share. This is a positive change from County Bancorp’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, March 8th. County Bancorp’s payout ratio is 18.79%.

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County Bancorp Company Profile

County Bancorp, Inc operates as the bank holding company for Investors Community Bank that provides a range of banking and related financial services to individuals, businesses, and industries 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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