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

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 upgraded 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 report on Wednesday, March 29th.

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

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last posted its quarterly earnings data on Thursday, April 20th. The bank reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.02. The company 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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Large investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new position in shares of Republic Bancorp, Inc. KY during the fourth quarter valued at $292,000. Prudential Financial Inc. raised its position in shares of 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 period. Glenview Trust Co bought a new position in shares of Republic Bancorp, Inc. KY during the fourth quarter valued at $670,000. State Street Corp raised its position in shares of Republic Bancorp, Inc. KY by 3.3% in the fourth quarter. State Street Corp now owns 172,143 shares of the bank’s stock valued at $6,805,000 after buying an additional 5,516 shares during the period. Finally, Norges Bank bought a new position in shares of Republic Bancorp, Inc. KY during the fourth quarter valued at $10,382,000. Hedge funds and other institutional investors 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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