Brokerages Set County Bancorp Inc (NASDAQ:ICBK) PT at $21.50

County Bancorp Inc (NASDAQ:ICBK) has received a consensus rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $21.50.

Several research firms have weighed in on ICBK. Maxim Group reissued a “buy” rating and set a $23.00 price target on shares of County Bancorp in a research report on Friday, July 19th. Zacks Investment Research downgraded County Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. Sandler O’Neill raised County Bancorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $18.00 to $20.00 in a research report on Monday, April 22nd. Finally, FIG Partners reissued a “market-perform” rating on shares of County Bancorp in a research report on Thursday, April 25th.

In other County Bancorp news, Director Patrick J. Roe acquired 4,876 shares of the stock in a transaction dated Thursday, July 18th. The stock was acquired at an average price of $17.20 per share, with a total value of $83,867.20. Following the completion of the transaction, the director now directly owns 12,157 shares in the company, valued at $209,100.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patrick J. Roe acquired 4,357 shares of the stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average cost of $17.51 per share, with a total value of $76,291.07. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 13,080 shares of company stock valued at $229,607. Company insiders own 23.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of County Bancorp by 2.5% in the fourth quarter. BlackRock Inc. now owns 244,186 shares of the financial services provider’s stock valued at $4,241,000 after purchasing an additional 6,040 shares during the period. Banc Funds Co. LLC boosted its holdings in 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 valued at $5,205,000 after acquiring an additional 6,000 shares during the last quarter. Strs Ohio boosted its holdings in County Bancorp by 44.4% in the first quarter. Strs Ohio now owns 14,300 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 4,400 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in County Bancorp by 84.0% in the fourth quarter. Bank of New York Mellon Corp now owns 34,692 shares of the financial services provider’s stock valued at $602,000 after acquiring an additional 15,835 shares during the last quarter. Finally, Context BH Capital Management LP boosted its holdings in County Bancorp by 11.9% in the first quarter. Context BH Capital Management LP now owns 94,454 shares of the financial services provider’s stock valued at $1,662,000 after acquiring an additional 10,038 shares during the last quarter. 28.25% of the stock is owned by institutional investors and hedge funds.

County Bancorp stock traded up $0.38 during mid-day trading on Friday, hitting $18.15. 10,684 shares of the company were exchanged, compared to its average volume of 11,224. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50 day moving average price of $17.58. The firm has a market cap of $119.92 million, a P/E ratio of 9.07, a P/E/G ratio of 1.09 and a beta of 0.68. County Bancorp has a 12-month low of $16.24 and a 12-month high of $26.50.

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

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.

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