$12.93 Million in Sales Expected for County Bancorp Inc (NASDAQ:ICBK) This Quarter
Brokerages expect County Bancorp Inc (NASDAQ:ICBK) to report sales of $12.93 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for County Bancorp’s earnings. The highest sales estimate is $13.16 million and the lowest is $12.70 million. County Bancorp reported sales of $12.76 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.3%. The business is expected to report its next quarterly earnings report on Monday, October 28th.
On average, analysts expect that County Bancorp will report full-year sales of $51.72 million for the current fiscal year, with estimates ranging from $51.40 million to $52.04 million. For the next year, analysts anticipate that the company will report sales of $52.77 million, with estimates ranging from $52.00 million to $53.54 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow County Bancorp.
County Bancorp (NASDAQ:ICBK) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. County Bancorp had a return on equity of 9.38% and a net margin of 17.66%. The business had revenue of $13.32 million during the quarter, compared to the consensus estimate of $12.59 million.
Shares of County Bancorp stock traded up $0.14 on Monday, hitting $19.38. The stock had a trading volume of 3,462 shares, compared to its average volume of 13,980. County Bancorp has a 52-week low of $16.24 and a 52-week high of $26.00. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. The stock has a market cap of $127.73 million, a price-to-earnings ratio of 9.50, a P/E/G ratio of 1.14 and a beta of 0.69. The company’s 50 day moving average price is $17.72 and its 200 day moving average price is $17.68.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, September 5th. County Bancorp’s dividend payout ratio is presently 9.80%.
In related news, Director Patrick J. Roe acquired 4,876 shares of County Bancorp stock in a transaction on Thursday, July 18th. The stock was purchased at an average cost of $17.20 per share, with a total value of $83,867.20. Following the purchase, the director now directly owns 12,157 shares in the company, valued at $209,100.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jacob Eisen acquired 1,500 shares of County Bancorp stock in a transaction on Thursday, August 22nd. The shares were bought at an average cost of $17.36 per share, with a total value of $26,040.00. Following the completion of the purchase, the director now owns 5,649 shares in the company, valued at $98,066.64. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 10,328 shares of company stock valued at $180,177. 23.30% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC raised its stake in shares of 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 worth $90,000 after buying an additional 1,462 shares in the last quarter. Morgan Stanley raised its stake in shares of County Bancorp by 360.2% during the 2nd quarter. Morgan Stanley now owns 8,698 shares of the financial services provider’s stock worth $149,000 after buying an additional 6,808 shares in the last quarter. Strs Ohio raised its stake in shares of County Bancorp by 44.4% during the 1st quarter. Strs Ohio now owns 14,300 shares of the financial services provider’s stock worth $251,000 after buying an additional 4,400 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of County Bancorp during the 2nd quarter worth approximately $285,000. Finally, Associated Banc Corp raised its stake in shares of County Bancorp by 10.0% during the 1st quarter. Associated Banc Corp now owns 22,000 shares of the financial services provider’s stock worth $387,000 after buying an additional 2,000 shares in the last quarter. 27.10% of the stock is owned by institutional investors and hedge funds.
About County Bancorp
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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