County Bancorp (ICBK) Upgraded by DA Davidson to Buy

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DA Davidson upgraded shares of County Bancorp (NASDAQ:ICBK) from a neutral rating to a buy rating in a research note issued to investors on Monday morning, The Fly reports.

Several other research analysts also recently commented on ICBK. ValuEngine downgraded shares of County Bancorp from a hold rating to a sell rating in a research note on Tuesday, August 28th. Sandler O’Neill assumed coverage on shares of County Bancorp in a research note on Wednesday, August 8th. They issued a hold rating and a $28.00 price target on the stock. Maxim Group reduced their price target on shares of County Bancorp from $35.00 to $32.00 and set a buy rating on the stock in a research note on Friday, July 20th. Zacks Investment Research downgraded shares of County Bancorp from a hold rating to a sell rating in a research note on Thursday, October 25th. Finally, FIG Partners reaffirmed a market-perform rating on shares of County Bancorp in a research note on Thursday, August 23rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $29.60.

County Bancorp stock opened at $20.80 on Monday. The stock has a market capitalization of $140.30 million, a PE ratio of 10.85, a PEG ratio of 1.22 and a beta of 0.55. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.02. County Bancorp has a 12-month low of $19.41 and a 12-month high of $33.94.

County Bancorp (NASDAQ:ICBK) last released its earnings results on Monday, October 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $12.76 million during the quarter, compared to analyst estimates of $12.54 million. County Bancorp had a net margin of 19.40% and a return on equity of 9.93%. Research analysts forecast that County Bancorp will post 2.15 EPS for the current year.

In related news, Director Gary J. Ziegelbauer sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $25.02, for a total value of $25,020.00. Following the transaction, the director now owns 395,637 shares of the company’s stock, valued at approximately $9,898,837.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 25.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Strs Ohio increased its stake in County Bancorp by 37.3% in the 2nd quarter. Strs Ohio now owns 8,100 shares of the financial services provider’s stock worth $222,000 after buying an additional 2,200 shares during the period. Schwab Charles Investment Management Inc. increased its position in County Bancorp by 41.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,600 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 3,100 shares during the period. Renaissance Technologies LLC increased its position in County Bancorp by 58.3% during the 2nd quarter. Renaissance Technologies LLC now owns 16,700 shares of the financial services provider’s stock valued at $459,000 after purchasing an additional 6,148 shares during the period. Eidelman Virant Capital purchased a new position in County Bancorp during the 3rd quarter valued at about $487,000. Finally, Dimensional Fund Advisors LP increased its position in County Bancorp by 68.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 27,472 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 11,137 shares during the period. 26.32% of the stock is currently owned by institutional investors.

About County Bancorp

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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