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.
According to Zacks, “Republic Bancorp, Inc. is a financial holding company. “
Separately, Hovde Group upgraded shares of Republic Bancorp, Inc. KY from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a research report on Wednesday, March 29th.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) traded up 0.99% during trading on Tuesday, reaching $34.77. The company had a trading volume of 5,548 shares. The firm has a market capitalization of $725.06 million, a price-to-earnings ratio of 15.87 and a beta of 0.60. Republic Bancorp, Inc. KY has a 52 week low of $26.04 and a 52 week high of $40.74. The company’s 50-day moving average is $33.89 and its 200 day moving average is $35.04.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last posted its quarterly earnings results on Thursday, April 20th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by $0.02. The company earned $81.36 million during the quarter. Republic Bancorp, Inc. KY had a return on equity of 7.71% and a net margin of 19.83%. Equities analysts anticipate that Republic Bancorp, Inc. KY will post $2.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 21st. Stockholders of record on Friday, March 17th will be given a dividend of $0.209 per share. The ex-dividend date is Wednesday, March 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.43%. Republic Bancorp, Inc. KY’s dividend payout ratio (DPR) is currently 38.18%.
Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Republic Bancorp, Inc. KY during the fourth quarter valued at $10,382,000. Federated Investors Inc. PA raised its stake in shares of Republic Bancorp, Inc. KY by 361.4% in the fourth quarter. Federated Investors Inc. PA now owns 49,656 shares of the bank’s stock valued at $1,963,000 after buying an additional 38,895 shares during the period. Renaissance Technologies LLC raised its stake in shares of Republic Bancorp, Inc. KY by 57.1% in the fourth quarter. Renaissance Technologies LLC now owns 82,800 shares of the bank’s stock valued at $3,274,000 after buying an additional 30,100 shares during the period. Chicago Equity Partners LLC purchased a new position in Republic Bancorp, Inc. KY during the third quarter worth approximately $588,000. Finally, Glenview Trust Co purchased a new position in Republic Bancorp, Inc. KY during the fourth quarter worth approximately $670,000. Institutional investors and hedge funds own 24.80% of the company’s stock.
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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