Zacks Investment Research Upgrades Republic Bancorp, Inc. KY (RBCAA) to “Hold”

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, April 4th.

According to Zacks, “Republic Bancorp, Inc. is a financial holding company. “

Separately, Hovde Group raised shares of Republic Bancorp, Inc. KY from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a research note on Wednesday, March 29th.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) opened at 35.88 on Tuesday. Republic Bancorp, Inc. KY has a 12-month low of $26.04 and a 12-month high of $40.74. The stock has a 50 day moving average of $34.40 and a 200 day moving average of $35.42. The company has a market cap of $748.35 million, a PE ratio of 15.60 and a beta of 0.60.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last released its quarterly earnings data on Thursday, April 20th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The firm had revenue of $81.36 million for the quarter. Republic Bancorp, Inc. KY had a return on equity of 7.71% and a net margin of 19.83%. Equities analysts expect that Republic Bancorp, Inc. KY will post $2.31 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Formidable Asset Management LLC raised its position in Republic Bancorp, Inc. KY by 0.7% in the fourth quarter. Formidable Asset Management LLC now owns 24,307 shares of the bank’s stock valued at $961,000 after buying an additional 173 shares during the last quarter. First Trust Advisors LP raised its position in Republic Bancorp, Inc. KY by 0.8% in the first quarter. First Trust Advisors LP now owns 41,570 shares of the bank’s stock valued at $1,430,000 after buying an additional 346 shares during the last quarter. Numeric Investors LLC raised its position in Republic Bancorp, Inc. KY by 0.7% in the fourth quarter. Numeric Investors LLC now owns 101,487 shares of the bank’s stock valued at $4,013,000 after buying an additional 700 shares during the last quarter. Strs Ohio raised its position in Republic Bancorp, Inc. KY by 6.1% in the first quarter. Strs Ohio now owns 19,100 shares of the bank’s stock valued at $656,000 after buying an additional 1,100 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Republic Bancorp, Inc. KY by 12.4% in the third quarter. Prudential Financial Inc. now owns 26,067 shares of the bank’s stock valued at $810,000 after buying an additional 2,880 shares during the last quarter. 24.80% of the stock is owned by institutional investors and hedge funds.

Republic Bancorp, Inc. KY Company Profile

Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.

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