County Bancorp Inc. [NASDAQ:ICBK] will report earnings after markets close on Thursday, January 21st.
ICBK Earnings Forecast For The Current Quarter
County Bancorp Inc. [ICBK] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $12.13M and an earnings per share of $0.38 for Dec 2020. Looking further ahead, the company is expected to report revenue of $12.04M at an EPS of $0.38 for Mar 2021. The estimates represent downside of -0.80% and 181.46% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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ICBK Earnings Estimates For The Current Year
For the financial year, County Bancorp Inc. [NASDAQ:ICBK] is expected to bring in revenue of $47.95M. The returns are nearly $-6.22 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.51, lower than that of FY19 by -$1.85. Estimates put this year’s earnings growth at -78.40%, 180.40% for the next, and at an annual 8.00% over the next 5-year period. As for sales, forecasts are for a decrease of -11.50% in the current fiscal year and a further -0.80% over the following year.
ICBK Price Performance
On Wall Street, County Bancorp Inc. [NASDAQ:ICBK] finished Tuesday’s session down -1.07% at $21.30. The stock went up to $21.83 at the same session while its lowest single day price was $21.10. In the last five days, it saw a fall of about -1.84%, County Bancorp Inc. shares dropped by almost -3.53% since the beginning of the year. However, the share price has dropped to as low as -21.40% below its one year high. On 01/08/21, the company shares recorded $22.84, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $20.46. The company’s shares have declined by -20.76% in the past year. The 50-day SMA achieved is $21.56 while the 200-day SMA is $20.27. Volume gained to 6754.0 from 4700.0 in the previous session.
County Bancorp Inc. [ICBK] Valuation Measures
Notably, County Bancorp Inc. [ICBK] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 36.85. The measure means the stock is exchanging at a premium as compared to the 12.10x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.43 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 2.51 which means ICBK serve an unattractive investment opportunity compared to its competitors.
ICBK Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 21.30 level, and in case of violation of this particular level, it will cause more drop to 20.99 level. On the upper level, 22.45 is still the key resistance. The stock may increase to the subsequent resistance at 22.14. The Relative Strength Index (RSI) pinned on the 14-day chart is 45.14, implying a neutral technical stance while the MACD stands at -0.33, meaning price will decrease in the next trading period. Percent R indicator moved to 71.86%, implying bearish price movement. Stochastic %K at 31.95% suggest holding the stock.
Is County Bancorp Inc. [NASDAQ:ICBK] a Good Buy Right Now?
It should be noted that ICBK technical indicators for short, intermediate as well as long term progress have placed an overall average of 56% as Buy. The average signal changed from 72% Buy in the last week and compares with 88% Buy in the past month. Data from County Bancorp Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 12975.0 shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 12282.0 shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 9715.0 shares.
What is the short interest in County Bancorp Inc.?
Short interest in the County Bancorp Inc. stock has plunged, decreasing by 28390.0 shares to total 90810.0 shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 62420.0, data from Yahoo Finance shows. The increase of 31.26% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 1.91% of the overall float for the stock.
County Bancorp Inc.’s Biggest Shareholders: Who Owns County Bancorp Inc. [ICBK]?
Filings by The Banc Funds Co LLC showed that the firm now holds a total of 181,961 shares or roughly 2.90% of the outstanding ICBK shares. This means their shares have reduced by -11,776 from the 181,961 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $3,852,496. Details in the latest 13F filings reveal that Manulife Investment Management disposed off their -3.33% stake valued at $3,749,780 while BlackRock Fund Advisors added theirs at $3,742,428. During the last quarter, Manulife Investment Management liquidated -5,845 of its shares in County Bancorp Inc. while BlackRock Fund Advisors bought 424 shares. The Royce & Associates LP’s holdings currently number 141,300 shares at $3009690.0. According to the firm’s last 13F report, BMO Asset Management Corp. shares in the company at filing stood at 89,095 shares, roughly $1,967,218.
What are analyst thoughts on County Bancorp Inc.?
Looking forward to the County Bancorp Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for County Bancorp Inc. stock at $23.50 within the next 12 months, which represents almost 9.36 per cent growth from its previous closing price of $21.30. The highest analysts’ target for County Bancorp Inc. stock projections is $27.00 and the lowest one is $21.50. Still, 6 analysts sharing their consensus rating for ICBK stock in 2021 agree that it is an Overweight.