NasdaqGM:ICBK

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Excellent balance sheet and good value.


Similar Companies

Share Price & News

How has County Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.8%

NasdaqGM:ICBK

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-32.0%

NasdaqGM:ICBK

-16.1%

US Banks

-3.0%

US Market

ICBK underperformed the Banks industry which returned -16.1% over the past year.

ICBK underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

ICBKIndustryMarket
7 Day-1.8%-1.8%-1.6%
30 Day-5.4%-10.1%-5.7%
90 Day-3.9%-5.0%0.2%
1 Year-31.2%-32.0%-13.7%-16.1%-0.8%-3.0%
3 Year-14.8%-17.3%37.9%28.5%38.1%29.1%
5 Yearn/a49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is County Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is County Bancorp undervalued based on future cash flows and its price relative to the stock market?

31%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

County Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).

County Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

County Bancorp is good value based on earnings compared to the US Banks industry average.

County Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

County Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

County Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is County Bancorp expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

County Bancorp's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).

County Bancorp's earnings are expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).

County Bancorp's revenue growth is positive but not above the United States of America market average.

County Bancorp's earnings growth is positive but not above the United States of America market average.

County Bancorp's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

County Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has County Bancorp performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

County Bancorp's year on year earnings growth rate has been positive over the past 5 years.

County Bancorp's 1-year earnings growth is less than its 5-year average (0.8% vs 12%)

County Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (0.8% vs 33.1%).


Return on Equity

County Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

County Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if County Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is County Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

County Bancorp has an acceptable proportion of non-loan assets held.

County Bancorp has a low allowance for bad loans.

County Bancorp's liabilities are made up of primarily low risk sources of funding.

County Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at County Bancorp are broadly funded by customer deposits.

County Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is County Bancorp's current dividend yield, its reliability and sustainability?

1.25%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase County Bancorp before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

County Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

County Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

County Bancorp has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but County Bancorp only paid a dividend in the past 5 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (8.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (8.6x coverage).


Next Steps

Management

What is the CEO of County Bancorp's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

County Bancorp has no CEO, or we have no data on them.


Management Age and Tenure

5.3yrs

Average Tenure

60yo

Average Age

The average tenure for the County Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

21.3yrs

Average Tenure

66.5yo

Average Age

The average tenure for the County Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by County Bancorp individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$21,97002 Aug 19
Glen Stiteley
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares1,194
Max PriceUS$18.40
BuyUS$3,12131 Jul 19
Glen Stiteley
EntityIndividual
Role
Chief Financial Officer
CFO & Treasurer
Shares173
Max PriceUS$18.04
BuyUS$21,48123 Jul 19
Jacob Eisen
EntityIndividual
Shares1,205
Max PriceUS$17.83
BuyUS$10,01423 May 19
Vicki Leinbach
EntityIndividual
Shares561
Max PriceUS$17.85
BuyUS$22,87622 May 19
Jacob Eisen
EntityIndividual
Shares1,275
Max PriceUS$17.94
BuyUS$76,28315 May 19
Patrick Roe
EntityIndividual
Shares4,357
Max PriceUS$17.60
BuyUS$20,16623 Apr 19
Jacob Eisen
EntityIndividual
Shares1,105
Max PriceUS$18.25
BuyUS$6,84028 Feb 19
Patrick Roe
EntityIndividual
Shares360
Max PriceUS$19.00
BuyUS$33,46026 Feb 19
Patrick Roe
EntityIndividual
Shares1,750
Max PriceUS$19.12
BuyUS$4,64921 Feb 19
Patrick Roe
EntityIndividual
Shares250
Max PriceUS$18.60
BuyUS$51,74214 Feb 19
Mark Miller
EntityIndividual
Role
Secretary
Secretary & Securities Compliance Officer
Shares2,789
Max PriceUS$18.55

Ownership Breakdown


Management Team

  • Mark Miller (61yo)

    Secretary & Securities Compliance Officer

    • Tenure: 5.4yrs
    • Compensation: US$439.69k
  • Glen Stiteley (48yo)

    CFO & Treasurer

    • Tenure: 2.0yrs
  • Mark Binversie (60yo)

    Director

    • Tenure: 23.3yrs
    • Compensation: US$1.38m
  • Wayne Mueller (66yo)

    Special Operations Officer & Director

    • Tenure: 23.3yrs
    • Compensation: US$81.74k
  • Tim Schneider (53yo)

    President & Director

    • Tenure: 23.3yrs
    • Compensation: US$1.92m

Board Members

  • Kathi Seifert (69yo)

    Director

    • Tenure: 3.2yrs
    • Compensation: US$48.55k
  • Bill Censky (67yo)

    Chairman of the Board

    • Tenure: 23.3yrs
    • Compensation: US$106.83k
  • Mark Binversie (60yo)

    Director

    • Tenure: 23.3yrs
    • Compensation: US$1.38m
  • Wayne Mueller (66yo)

    Special Operations Officer & Director

    • Tenure: 23.3yrs
    • Compensation: US$81.74k
  • Tim Schneider (53yo)

    President & Director

    • Tenure: 23.3yrs
    • Compensation: US$1.92m
  • Edson Foster (70yo)

    Director

    • Tenure: 19.3yrs
    • Compensation: US$57.70k
  • Gary Ziegelbauer (67yo)

    Director

    • Tenure: 23.3yrs
    • Compensation: US$45.73k
  • Andrew Steimle (50yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: US$63.63k
  • Lynn Davis (64yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$53.72k
  • Robert Matzke (68yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$49.88k

Company Information

County Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: County Bancorp, Inc.
  • Ticker: ICBK
  • Exchange: NasdaqGM
  • Founded: 1996
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$114.644m
  • Shares outstanding: 6.73m
  • Website: https://www.investorscommunitybank.com

Number of Employees


Location

  • County Bancorp, Inc.
  • 2400 South 44th Street
  • Manitowoc
  • Wisconsin
  • 54221
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ICBKNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJan 2015

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 00:30
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.