Insider Selling: County Bancorp Inc (NASDAQ:ICBK) President Sells $60,000.00 in Stock

County Bancorp Inc (NASDAQ:ICBK) President Timothy J. Schneider sold 3,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $20.00, for a total value of $60,000.00. Following the transaction, the president now directly owns 113,547 shares in the company, valued at approximately $2,270,940. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of ICBK stock opened at $19.46 on Friday. County Bancorp Inc has a 1 year low of $13.55 and a 1 year high of $27.98. The firm’s fifty day simple moving average is $20.88 and its 200 day simple moving average is $21.57. The firm has a market capitalization of $127.26 million, a P/E ratio of 21.38 and a beta of 0.88. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.98.

County Bancorp (NASDAQ:ICBK) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.20. County Bancorp had a net margin of 8.87% and a return on equity of 7.18%. The firm had revenue of $12.27 million during the quarter, compared to the consensus estimate of $11.72 million. Equities research analysts anticipate that County Bancorp Inc will post 0.84 EPS for the current fiscal year.

A number of brokerages have issued reports on ICBK. ValuEngine cut County Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, July 24th. Zacks Investment Research downgraded shares of County Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 16th. Hovde Group downgraded shares of County Bancorp from an “outperform” rating to a “market perform” rating and set a $23.00 target price on the stock. in a report on Monday, July 6th. Maxim Group reissued a “buy” rating and set a $25.00 target price on shares of County Bancorp in a research report on Monday, June 22nd. Finally, Piper Sandler raised their price target on County Bancorp from $17.00 to $21.50 and gave the company an “overweight” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in County Bancorp by 1.6% during the first quarter. Geode Capital Management LLC now owns 43,630 shares of the financial services provider’s stock worth $807,000 after buying an additional 692 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of County Bancorp by 16.1% in the 1st quarter. Acadian Asset Management LLC now owns 8,454 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 1,172 shares during the period. BlackRock Inc. lifted its position in shares of County Bancorp by 18.4% in the 1st quarter. BlackRock Inc. now owns 14,950 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 2,320 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of County Bancorp during the 1st quarter worth approximately $108,000. Finally, Advisor Group Holdings Inc. bought a new stake in shares of County Bancorp during the first quarter valued at approximately $136,000. Institutional investors and hedge funds own 23.43% of the company’s stock.

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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Insider Buying and Selling by Quarter for County Bancorp (NASDAQ:ICBK)

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