County Bancorp Inc (NASDAQ:ICBK) announced a quarterly dividend on Monday, November 26th, Wall Street Journal reports. Investors of record on Friday, December 14th will be given a dividend of 0.07 per share by the financial services provider on Friday, December 28th. This represents a $0.28 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, December 13th.
County Bancorp has a dividend payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect County Bancorp to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 12.9%.
ICBK opened at $20.91 on Friday. The company has a market cap of $139.37 million, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.20 and a beta of 0.55. County Bancorp has a 1 year low of $19.41 and a 1 year high of $33.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.02.
County Bancorp (NASDAQ:ICBK) last posted its earnings results on Monday, October 22nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.50. The firm had revenue of $12.76 million during the quarter, compared to the consensus estimate of $12.54 million. County Bancorp had a net margin of 19.40% and a return on equity of 9.93%. On average, analysts expect that County Bancorp will post 2.16 earnings per share for the current year.
In other County Bancorp news, Director Gary J. Ziegelbauer sold 1,000 shares of the stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $25.02, for a total value of $25,020.00. Following the completion of the sale, the director now owns 395,637 shares of the company’s stock, valued at $9,898,837.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 3,000 shares of company stock valued at $68,010 in the last ninety days. 25.60% of the stock is owned by corporate insiders.
A number of research firms recently issued reports on ICBK. TheStreet downgraded shares of County Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, November 26th. ValuEngine raised shares of County Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 21st. DA Davidson raised shares of County Bancorp from a “neutral” rating to a “buy” rating in a research report on Monday, November 12th. Zacks Investment Research downgraded shares of County Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th. Finally, Maxim Group reissued a “buy” rating and set a $29.00 target price on shares of County Bancorp in a research report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $29.60.
About County Bancorp
County Bancorp, Inc operates as the bank holding company for Investors Community Bank that provides a range of banking and related financial services to individuals, businesses, and industries 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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