Tower Research Capital LLC TRC boosted its position in shares of County Bancorp Inc (NASDAQ:ICBK) by 330.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,902 shares of the financial services provider’s stock after acquiring an additional 1,460 shares during the period. Tower Research Capital LLC TRC’s holdings in County Bancorp were worth $38,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Advisor Group Inc. purchased a new stake in County Bancorp during the 2nd quarter valued at approximately $285,000. Acadian Asset Management LLC grew its holdings in County Bancorp by 38.6% during the 2nd quarter. Acadian Asset Management LLC now owns 5,250 shares of the financial services provider’s stock valued at $90,000 after buying an additional 1,462 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in County Bancorp during the 2nd quarter valued at approximately $718,000. Renaissance Technologies LLC grew its holdings in County Bancorp by 80.5% during the 2nd quarter. Renaissance Technologies LLC now owns 47,300 shares of the financial services provider’s stock valued at $808,000 after buying an additional 21,100 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new stake in County Bancorp during the 2nd quarter valued at approximately $408,000. Institutional investors own 26.25% of the company’s stock.
ICBK stock opened at $24.74 on Thursday. The firm has a fifty day moving average price of $22.80 and a 200 day moving average price of $19.19. County Bancorp Inc has a fifty-two week low of $16.24 and a fifty-two week high of $24.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.03 and a current ratio of 1.04. The firm has a market cap of $161.47 million, a PE ratio of 12.13 and a beta of 0.75.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, December 5th. County Bancorp’s dividend payout ratio (DPR) is presently 9.80%.
ICBK has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of County Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. ValuEngine raised shares of County Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday. DA Davidson reaffirmed a “buy” rating on shares of County Bancorp in a report on Monday, November 18th. Finally, Maxim Group set a $23.00 target price on shares of County Bancorp and gave the company a “buy” rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. County Bancorp has an average rating of “Buy” 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.
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