The President of County Bancorp is Exercising Options

Today it was reported that the President of County Bancorp (ICBK), Timothy Schneider, exercised options to buy 6,080 ICBK shares at $12.00 a share, for a total transaction value of $72.96K. The options were close to expired and Timothy Schneider retained stocks.

This recent transaction increases Timothy Schneider’s holding in the company by 5.85% to a total of $2.23 million.

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Based on County Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $18.84 million and quarterly net profit of $3.52 million. In comparison, last year the company earned revenue of $15.76 million and had a net profit of $3.6 million. ICBK’s market cap is $136M and the company has a P/E ratio of 10.50. Currently, County Bancorp has an average volume of 2,077.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $28.00, reflecting a 37.7% upside. Three different firms, including D.A. Davidson and Maxim Group, currently also have a Buy rating on the stock.

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County Bancorp, Inc. is a bank holding company, which engages in the provision of banking and financial services. It operates through the following portfolio segments: Agricultural Loans, Commercial Loans, Commercial Real Estate Loans, Residential Real Estate Loans, and Installment and Consumer Other.

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