County Bancorp Inc (NASDAQ:ICBK) announced a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, June 7th will be paid a dividend of 0.05 per share by the financial services provider on Friday, June 21st. This represents a $0.20 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, June 6th.
County Bancorp has raised its dividend by an average of 20.5% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. County Bancorp has a payout ratio of 9.3% meaning its dividend is sufficiently covered by earnings. Analysts expect County Bancorp to earn $2.04 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 9.8%.
Shares of ICBK opened at $17.82 on Thursday. County Bancorp has a fifty-two week low of $16.24 and a fifty-two week high of $28.97. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $119.25 million, a price-to-earnings ratio of 8.74, a P/E/G ratio of 1.09 and a beta of 0.74.
County Bancorp (NASDAQ:ICBK) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.04. County Bancorp had a return on equity of 9.76% and a net margin of 18.32%. The firm had revenue of $13.31 million for the quarter, compared to analysts’ expectations of $12.77 million. On average, analysts expect that County Bancorp will post 2.04 EPS for the current year.
In other County Bancorp news, Director Patrick J. Roe bought 4,357 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average cost of $17.51 per share, for a total transaction of $76,291.07. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have bought 6,737 shares of company stock worth $119,331 and have sold 3,000 shares worth $54,420. 23.30% of the stock is owned by company insiders.
An institutional investor recently raised its position in County Bancorp stock. Geode Capital Management LLC raised its position in County Bancorp Inc (NASDAQ:ICBK) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,347 shares of the financial services provider’s stock after buying an additional 2,380 shares during the period. Geode Capital Management LLC owned about 0.71% of County Bancorp worth $822,000 at the end of the most recent reporting period. 26.29% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently commented on ICBK. Zacks Investment Research upgraded County Bancorp from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, May 14th. FIG Partners restated a “market-perform” rating on shares of County Bancorp in a research report on Thursday, April 25th. DA Davidson dropped their target price on County Bancorp to $23.00 and set an “average” rating on the stock in a research report on Tuesday, February 12th. Sandler O’Neill upgraded County Bancorp from a “hold” rating to a “buy” rating and raised their target price for the company from $18.00 to $20.00 in a research report on Monday, April 22nd. Finally, Hovde Group cut County Bancorp from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $22.00 to $20.00 in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.40.
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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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