Wayne D. Mueller Sells 1,500 Shares of County Bancorp Inc. (ICBK) Stock
County Bancorp Inc. (NASDAQ:ICBK) Director Wayne D. Mueller sold 1,500 shares of County Bancorp stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $22.06, for a total value of $33,090.00. Following the completion of the sale, the director now directly owns 128,250 shares in the company, valued at approximately $2,829,195. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of County Bancorp Inc. (NASDAQ:ICBK) traded up 3.53% during trading on Wednesday, reaching $23.15. The company’s stock had a trading volume of 1,449 shares. The stock’s 50 day moving average price is $20.92 and its 200-day moving average price is $20.83. County Bancorp Inc. has a 12 month low of $18.25 and a 12 month high of $24.20. The firm has a market cap of $151.86 million, a PE ratio of 14.52 and a beta of 0.36.
County Bancorp (NASDAQ:ICBK) last released its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.01. County Bancorp had a return on equity of 10.56% and a net margin of 19.97%. Equities analysts predict that County Bancorp Inc. will post $1.60 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.89%. County Bancorp’s dividend payout ratio (DPR) is presently 12.58%.
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A number of research firms recently issued reports on ICBK. Stephens raised County Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, August 2nd. Robert W. Baird lifted their target price on County Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, August 24th. Finally, Zacks Investment Research raised County Bancorp from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Thursday, August 25th.
Several institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System bought a new position in County Bancorp during the second quarter worth about $208,000. Schmidt P J Investment Management Inc. bought a new position in County Bancorp during the second quarter worth about $322,000. North Star Asset Management Inc. bought a new position in County Bancorp during the third quarter worth about $790,000. Creative Planning bought a new position in County Bancorp during the second quarter worth about $230,000. Finally, BlackRock Institutional Trust Company N.A. boosted its position in County Bancorp by 4.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 29,964 shares of the financial services provider’s stock worth $600,000 after buying an additional 1,278 shares during the period. 24.39% of the stock is currently owned by institutional investors.
About County Bancorp
County Bancorp, Inc is a bank holding company. The Company’s primary activities consist of holding the stock of its subsidiary bank, Investors Community Bank (the Bank), and providing banking and related business activities through the Bank and its other subsidiaries. It operates in the community banking segment.
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