Trading Report: The Gary J. Ziegelbauer invests in 5,804 by purchasing County Bancorp Inc. (ICBK) Stock shares

The Gary J. Ziegelbauer invests in 5,804 by purchasing County Bancorp Inc. (ICBK) Stock shares

County Bancorp Inc. (NASDAQ:ICBK) Director Gary J. Ziegelbauer purchased 5,804 shares of County Bancorp stock in a transaction dated Wednesday, October 26th. The stock was bought at an average price of $19.65 per share, with a total value of $114,048.60. Following the completion of the purchase, the director now directly owns 411,890 shares of the company’s stock, valued at $8,093,638.50. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of County Bancorp Inc. (NASDAQ:ICBK) opened at 19.67 on Monday. The company’s 50-day moving average is $20.25 and its 200 day moving average is $20.70. The company has a market capitalization of $128.48 million, a price-to-earnings ratio of 12.40 and a beta of 0.36. County Bancorp Inc. has a 12 month low of $18.12 and a 12 month high of $24.20.

County Bancorp (NASDAQ:ICBK) last released its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.01. County Bancorp had a net margin of 22.32% and a return on equity of 10.92%. On average, equities research analysts anticipate that County Bancorp Inc. will post $1.60 earnings per share for the current year.

A number of analysts have recently commented on ICBK shares. Stephens upgraded shares of County Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 2nd. Robert W. Baird boosted their target price on shares of County Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, August 24th. Finally, Zacks Investment Research upgraded shares of County Bancorp from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research report on Thursday, August 25th.

Hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its stake in County Bancorp by 8.2% in the first quarter. Royce & Associates LP now owns 102,500 shares of the financial services provider’s stock valued at $2,058,000 after buying an additional 7,800 shares during the last quarter. Teachers Advisors Inc. purchased a new stake in County Bancorp during the second quarter valued at approximately $162,000. California State Teachers Retirement System purchased a new stake in County Bancorp during the second quarter valued at approximately $208,000. Creative Planning purchased a new stake in County Bancorp during the second quarter valued at approximately $230,000. Finally, Schmidt P J Investment Management Inc. purchased a new stake in County Bancorp during the second quarter valued at approximately $322,000. 25.64% of the stock is owned by institutional investors and hedge funds.

County Bancorp Company Profile

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