County Bancorp Inc (ICBK) Expected to Announce Quarterly Sales of $12.59 Million

Brokerages expect that County Bancorp Inc (NASDAQ:ICBK) will post sales of $12.59 million for the current quarter, according to Zacks. Two analysts have made estimates for County Bancorp’s earnings, with estimates ranging from $12.57 million to $12.60 million. County Bancorp posted sales of $12.65 million during the same quarter last year, which suggests a negative year over year growth rate of 0.5%. The business is expected to issue its next quarterly earnings results on Thursday, July 18th.

On average, analysts expect that County Bancorp will report full-year sales of $50.99 million for the current year, with estimates ranging from $50.58 million to $51.40 million. For the next financial year, analysts forecast that the business will post sales of $52.03 million, with estimates ranging from $52.00 million to $52.05 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow County Bancorp.

County Bancorp (NASDAQ:ICBK) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The company had revenue of $13.31 million during the quarter, compared to analyst estimates of $12.77 million. County Bancorp had a return on equity of 9.76% and a net margin of 18.32%.



Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered County Bancorp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 27th. Hovde Group lowered County Bancorp from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $22.00 to $20.00 in a research report on Friday, February 15th. Sandler O’Neill upgraded County Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the stock 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. Finally, DA Davidson decreased their target price on County Bancorp to $23.00 and set an “average” rating for the company in a research report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.40.

In other County Bancorp news, Director Patrick J. Roe acquired 4,357 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $17.51 per share, for a total transaction of $76,291.07. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have bought 6,737 shares of company stock worth $119,331 and have sold 3,000 shares worth $54,420. Insiders own 23.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Banc Funds Co. LLC lifted its holdings in shares of County Bancorp by 2.1% during the 1st quarter. Banc Funds Co. LLC now owns 295,731 shares of the financial services provider’s stock valued at $5,205,000 after purchasing an additional 6,000 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of County Bancorp by 2.5% during the 4th 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 in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of County Bancorp by 0.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 182,527 shares of the financial services provider’s stock valued at $3,212,000 after purchasing an additional 699 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of County Bancorp by 7.2% during the 4th quarter. Royce & Associates LP now owns 125,795 shares of the financial services provider’s stock valued at $2,185,000 after purchasing an additional 8,500 shares in the last quarter. Finally, Context BH Capital Management LP lifted its holdings in shares of County Bancorp by 11.9% during the 1st quarter. Context BH Capital Management LP now owns 94,454 shares of the financial services provider’s stock valued at $1,662,000 after purchasing an additional 10,038 shares in the last quarter. Institutional investors and hedge funds own 26.29% of the company’s stock.

Shares of County Bancorp stock traded up $0.08 during trading on Friday, hitting $17.74. 5,664 shares of the company were exchanged, compared to its average volume of 10,512. The firm has a market capitalization of $119.04 million, a P/E ratio of 8.70, a PEG ratio of 1.09 and a beta of 0.74. County Bancorp has a 1-year low of $16.24 and a 1-year high of $28.97. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.97.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, June 6th. County Bancorp’s dividend payout ratio (DPR) is presently 9.80%.

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.

Featured Story: Why do companies pay special dividends?

Get a free copy of the Zacks research report on County Bancorp (ICBK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for County Bancorp (NASDAQ:ICBK)

Receive News & Ratings for County Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for County Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.