County Bancorp Inc (NASDAQ:ICBK) Sees Large Decrease in Short Interest

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County Bancorp Inc (NASDAQ:ICBK) saw a large drop in short interest in July. As of July 31st, there was short interest totalling 8,200 shares, a drop of 18.8% from the June 30th total of 10,100 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 22,400 shares, the short-interest ratio is currently 0.4 days.

ICBK stock traded down $0.20 during mid-day trading on Tuesday, reaching $17.70. 30 shares of the stock traded hands, compared to its average volume of 10,135. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.04 and a current ratio of 1.04. County Bancorp has a 52-week low of $16.24 and a 52-week high of $26.06. The stock has a market capitalization of $117.83 million, a P/E ratio of 8.72, a P/E/G ratio of 1.09 and a beta of 0.68. The stock has a fifty day moving average of $17.67.

County Bancorp (NASDAQ:ICBK) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. County Bancorp had a net margin of 17.66% and a return on equity of 9.54%. The company had revenue of $13.32 million during the quarter, compared to analyst estimates of $12.59 million. Research analysts forecast that County Bancorp will post 2.05 earnings per share for the current year.

In other County Bancorp news, Director Patrick J. Roe acquired 4,876 shares of County Bancorp stock in a transaction dated Thursday, July 18th. The stock was bought at an average price of $17.20 per share, for a total transaction of $83,867.20. Following the transaction, the director now owns 12,157 shares in the company, valued at approximately $209,100.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have bought 8,723 shares of company stock valued at $153,316. Insiders own 23.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its position in shares of County Bancorp by 38.6% in the second quarter. Acadian Asset Management LLC now owns 5,250 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 1,462 shares in the last quarter. Associated Banc Corp lifted its position 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 purchasing an additional 2,000 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of County Bancorp by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 47,347 shares of the financial services provider’s stock worth $822,000 after purchasing an additional 2,380 shares in the last quarter. Strs Ohio lifted its position in shares of County Bancorp by 44.4% in the first quarter. Strs Ohio now owns 14,300 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Banc Funds Co. LLC lifted its position in shares of County Bancorp by 2.1% in the first quarter. Banc Funds Co. LLC now owns 295,731 shares of the financial services provider’s stock worth $5,205,000 after purchasing an additional 6,000 shares in the last quarter. 28.22% of the stock is owned by institutional investors.

ICBK has been the subject of several research reports. Sandler O’Neill upgraded shares of County Bancorp from a “hold” rating to a “buy” rating and raised their price objective for the company from $18.00 to $20.00 in a research report on Monday, April 22nd. FIG Partners restated a “market-perform” rating on shares of County Bancorp in a research report on Thursday, April 25th. Zacks Investment Research upgraded shares of County Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Maxim Group restated a “buy” rating and set a $23.00 price objective on shares of County Bancorp in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $21.20.

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.

Further Reading: Buyback

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