Wall Street brokerages expect that County Bancorp Inc (NASDAQ:ICBK) will announce $0.50 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for County Bancorp’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.50. County Bancorp posted earnings per share of $0.55 during the same quarter last year, which would indicate a negative year over year growth rate of 9.1%. The company is scheduled to announce its next earnings report on Thursday, July 18th.

According to Zacks, analysts expect that County Bancorp will report full year earnings of $2.05 per share for the current year, with EPS estimates ranging from $2.00 to $2.11. For the next financial year, analysts anticipate that the business will report earnings of $2.11 per share, with EPS estimates ranging from $2.03 to $2.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow County Bancorp.

County Bancorp (NASDAQ:ICBK) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.04. County Bancorp had a net margin of 18.32% and a return on equity of 9.92%. The business had revenue of $13.31 million during the quarter, compared to analyst estimates of $12.77 million.

ICBK has been the subject of a number of research reports. ValuEngine lowered shares of County Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, January 5th. Hovde Group lowered shares of County Bancorp from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $22.00 to $20.00 in a report on Friday, February 15th. Sandler O’Neill raised shares of County Bancorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $18.00 to $20.00 in a report on Monday. DA Davidson dropped their target price on shares of County Bancorp to $23.00 and set an “average” rating for the company in a report on Tuesday, February 12th. Finally, Zacks Investment Research lowered shares of County Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. County Bancorp has an average rating of “Hold” and an average price target of $24.80.

In other news, insider Mark Andrew Miller acquired 2,789 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was purchased at an average price of $18.55 per share, with a total value of $51,735.95. Following the completion of the acquisition, the insider now owns 27,354 shares of the company’s stock, valued at approximately $507,416.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders purchased 4,144 shares of company stock valued at $76,552 and sold 3,000 shares valued at $53,450. Corporate insiders own 23.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in ICBK. Banc Funds Co. LLC lifted its holdings in shares of County Bancorp by 6.2% during the fourth quarter. Banc Funds Co. LLC now owns 289,731 shares of the financial services provider’s stock worth $5,091,000 after purchasing an additional 17,000 shares during the period. Bank of New York Mellon Corp lifted its holdings in County Bancorp by 84.0% in the fourth quarter. Bank of New York Mellon Corp now owns 34,692 shares of the financial services provider’s stock valued at $602,000 after acquiring an additional 15,835 shares during the period. Dimensional Fund Advisors LP lifted its holdings in County Bancorp by 26.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 52,106 shares of the financial services provider’s stock valued at $905,000 after acquiring an additional 10,927 shares during the period. Royce & Associates LP lifted its holdings in County Bancorp by 7.2% in the fourth quarter. Royce & Associates LP now owns 125,795 shares of the financial services provider’s stock valued at $2,185,000 after acquiring an additional 8,500 shares during the period. Finally, BlackRock Inc. lifted its holdings in County Bancorp by 2.5% in the fourth quarter. BlackRock Inc. now owns 244,186 shares of the financial services provider’s stock valued at $4,241,000 after acquiring an additional 6,040 shares during the period. 26.26% of the stock is owned by hedge funds and other institutional investors.

Shares of County Bancorp stock traded up $0.34 during trading hours on Tuesday, reaching $18.24. 11,517 shares of the company’s stock were exchanged, compared to its average volume of 10,316. County Bancorp has a 1 year low of $16.24 and a 1 year high of $29.00. The firm has a market capitalization of $120.96 million, a price-to-earnings ratio of 8.94, a PEG ratio of 1.08 and a beta of 0.74. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.93.

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

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