County Bancorp Inc (NASDAQ:ICBK) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totalling 24,100 shares, an increase of 92.8% from the May 14th total of 12,500 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 15,600 shares, the short-interest ratio is currently 1.5 days.
A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in County Bancorp by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 43,630 shares of the financial services provider’s stock worth $807,000 after purchasing an additional 692 shares during the period. Acadian Asset Management LLC boosted its stake 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 buying an additional 1,172 shares during the last quarter. BlackRock Inc. grew its holdings in shares of County Bancorp by 18.4% in the first 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. Ancora Advisors LLC increased its position in County Bancorp by 12.3% during the fourth quarter. Ancora Advisors LLC now owns 41,839 shares of the financial services provider’s stock valued at $1,072,000 after acquiring an additional 4,571 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in County Bancorp in the first quarter valued at about $108,000. Institutional investors own 24.24% of the company’s stock.
Shares of NASDAQ:ICBK traded down $0.76 during midday trading on Thursday, reaching $20.66. 55 shares of the company’s stock traded hands, compared to its average volume of 14,583. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.99 and a current ratio of 1.00. County Bancorp has a one year low of $13.55 and a one year high of $27.98. The company has a market cap of $141.63 million, a price-to-earnings ratio of 19.54 and a beta of 0.89. The stock has a 50 day moving average of $20.38 and a 200 day moving average of $22.70.
County Bancorp (NASDAQ:ICBK) last issued its earnings results on Thursday, April 30th. The financial services provider reported ($0.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($1.16). The business had revenue of $11.50 million during the quarter, compared to analysts’ expectations of $12.15 million. County Bancorp had a return on equity of 7.86% and a net margin of 9.79%. Sell-side analysts predict that County Bancorp will post 0.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 1.36%. County Bancorp’s dividend payout ratio (DPR) is 11.86%.
ICBK has been the topic of a number of recent research reports. TheStreet cut shares of County Bancorp from a “b” rating to a “c+” rating in a report on Tuesday, March 17th. Maxim Group reissued a “buy” rating and issued a $22.00 target price on shares of County Bancorp in a report on Tuesday, May 5th. Piper Sandler increased their target price on County Bancorp from $17.00 to $21.50 and gave the stock an “overweight” rating in a research note on Monday, May 4th. ValuEngine lowered County Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 9th. Finally, Zacks Investment Research lowered shares of County Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.10.
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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