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Fly News Breaks for February 9, 2018
ICBK
Feb 9, 2018 | 06:14 EDT
DA Davidson analyst Kevin Reevey initiated County Bancorp with a Neutral rating and a price target of $31 - a slight premium to the bank's peer group. The analyst contends that the premium is justified by the company's "strong core earnings growth, improving core deposit base, and unique & differentiated expertise in agricultural lending". Reevey also points to County Bancorp's "healthy" diversification of fee income, with about 16% of total revenue coming from noninterest income, along with its better efficiency model of utilizing a "branch-lite" strategy.
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