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

Stable Share Price: ICBK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.0%

ICBK

0.3%

US Banks

0.5%

US Market


1 Year Return

11.7%

ICBK

10.1%

US Banks

12.8%

US Market

Return vs Industry: ICBK exceeded the US Banks industry which returned 10.1% over the past year.

Return vs Market: ICBK underperformed the US Market which returned 12.8% over the past year.


Shareholder returns

ICBKIndustryMarket
7 Day-1.0%0.3%0.5%
30 Day21.1%9.6%4.3%
90 Day35.7%19.8%8.0%
1 Year13.1%11.7%13.3%10.1%15.3%12.8%
3 Year7.1%3.9%40.5%30.6%48.3%38.7%
5 Yearn/a73.6%54.4%62.6%44.5%

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 compared to its fair value and its price relative to the market?

13.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ICBK ($23.38) is trading below our estimate of fair value ($26.88)

Significantly Below Fair Value: ICBK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ICBK is good value based on its PE Ratio (10.2x) compared to the Banks industry average (12.7x).

PE vs Market: ICBK is good value based on its PE Ratio (10.2x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: ICBK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ICBK is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is County Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICBK's earnings are forecast to decline over the next 3 years (-9.6% per year).

Earnings vs Market: ICBK's earnings are forecast to decline over the next 3 years (-9.6% per year).

High Growth Earnings: ICBK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ICBK's revenue (1.3% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: ICBK's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ICBK's Return on Equity is forecast to be low in 3 years time (7.6%).


Next Steps

Past Performance

How has County Bancorp performed over the past 5 years?

12.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICBK has high quality earnings.

Growing Profit Margin: ICBK's current net profit margins (29.9%) are higher than last year (27.3%).


Past Earnings Growth Analysis

Earnings Trend: ICBK's earnings have grown by 12.5% per year over the past 5 years.

Accelerating Growth: ICBK's earnings growth over the past year (17.9%) exceeds its 5-year average (12.5% per year).

Earnings vs Industry: ICBK earnings growth over the past year (17.9%) underperformed the Banks industry 27.7%.


Return on Equity

High ROE: ICBK's Return on Equity (9.5%) is considered low.


Return on Assets


Return on Capital Employed


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

Inventory Level: ICBK has a low level of unsold assets or inventory.

Debt Coverage by Assets: ICBK's debt is covered by short term assets (assets are 1.5x debt).


Financial Institutions Analysis

Asset Level: ICBK's level of assets compared to its equity is low.

Allowance for Bad Loans: ICBK has a low allowance for bad loans.

Low Risk Liabilities: ICBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: ICBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ICBK's loans are broadly funded by customer deposits.

Level of Bad Loans: ICBK has an appropriate level of bad loans (1.92%)


Next Steps

Dividend

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

0.86%

Current Dividend Yield


Dividend Yield vs Market

company0.9%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Years0.9%

Current dividend yield vs market & industry

Notable Dividend: ICBK's dividend (0.86%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: ICBK's dividend (0.86%) is low compared to the top 25% of dividend payers in the US market (3.67%).


Stability and Growth of Payments

Stable Dividend: ICBK has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ICBK's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.6%), ICBK's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ICBK's dividends in 3 years are forecast to be thoroughly covered by earnings (11.7% payout ratio).


Next Steps

Management

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

5.6yrs

Average management tenure


CEO

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


Management Age and Tenure

5.6yrs

Average Tenure

60yo

Average Age

Experienced Management: ICBK's management team is seasoned and experienced (5.6 years average tenure).


Board Age and Tenure

21.5yrs

Average Tenure

66.5yo

Average Age

Experienced Board: ICBK's board of directors are seasoned and experienced ( 21.5 years average tenure).


Insider Trading

Insider Buying: ICBK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$5,87130 Aug 19
Timothy Schneider
EntityIndividual
Role
Member of the Board of Directors
President & Director
Shares342
Max PriceUS$17.17
BuyUS$25,87829 Aug 19
Andrew Steimle
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,500
Max PriceUS$17.30
BuyUS$16,19329 Aug 19
Mark Binversie
EntityIndividual
Role
Member of the Board of Directors
Director
Shares961
Max PriceUS$16.85
BuyUS$37129 Aug 19
Mark Binversie
EntityIndividual
Role
Member of the Board of Directors
Director
Shares22
Max PriceUS$16.85
BuyUS$23,68928 Aug 19
Jacob Eisen
EntityIndividual
Shares1,380
Max PriceUS$17.17
BuyUS$2,38028 Aug 19
Patrick Roe
EntityIndividual
Shares140
Max PriceUS$17.00
BuyUS$26,03926 Aug 19
Jacob Eisen
EntityIndividual
Shares1,500
Max PriceUS$17.36
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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Mark Miller (61yo)

    Secretary & Securities Compliance Officer

    • Tenure: 5.7yrs
    • Compensation: US$439.69k
  • Glen Stiteley (48yo)

    CFO & Treasurer

    • Tenure: 2.3yrs
  • Mark Binversie (60yo)

    Director

    • Tenure: 23.5yrs
    • Compensation: US$463.15k
  • Wayne Mueller (66yo)

    Special Operations Officer & Director

    • Tenure: 23.5yrs
    • Compensation: US$81.74k
  • Tim Schneider (53yo)

    President & Director

    • Tenure: 23.5yrs
    • Compensation: US$643.15k

Board Members

  • Kathi Seifert (69yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: US$48.55k
  • Bill Censky (67yo)

    Chairman of the Board

    • Tenure: 23.5yrs
    • Compensation: US$106.83k
  • Mark Binversie (60yo)

    Director

    • Tenure: 23.5yrs
    • Compensation: US$463.15k
  • Wayne Mueller (66yo)

    Special Operations Officer & Director

    • Tenure: 23.5yrs
    • Compensation: US$81.74k
  • Tim Schneider (53yo)

    President & Director

    • Tenure: 23.5yrs
    • Compensation: US$643.15k
  • Edson Foster (70yo)

    Independent Director

    • Tenure: 19.6yrs
    • Compensation: US$57.70k
  • Gary Ziegelbauer (67yo)

    Independent Director

    • Tenure: 23.5yrs
    • Compensation: US$45.73k
  • Andrew Steimle (50yo)

    Independent Director

    • Tenure: 11.6yrs
    • Compensation: US$63.63k
  • Lynn Davis (64yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: US$53.72k
  • Robert Matzke (68yo)

    Independent Director

    • Tenure: 3.5yrs
    • 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$157.269m
  • 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 Analysis2019/11/13 00:22
End of Day Share Price2019/11/12 00:00
Earnings2019/09/30
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.