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 price target for the company in a 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. The company’s 50-day moving average is $33.89 and its 200 day moving average is $35.04. Republic Bancorp, Inc. KY has a 52 week low of $26.04 and a 52 week high of $40.74.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last released its quarterly earnings results on Thursday, April 20th. The bank reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The company earned $81.36 million during the quarter. Republic Bancorp, Inc. KY had a net margin of 19.83% and a return on equity of 7.71%. Equities analysts anticipate that Republic Bancorp, Inc. KY will post $2.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 21st. Stockholders of record on Friday, March 17th will be issued a $0.209 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Wednesday, March 15th. Republic Bancorp, Inc. KY’s dividend payout ratio (DPR) is presently 38.18%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBCAA. Chicago Equity Partners LLC bought a new position in Republic Bancorp, Inc. KY during the third quarter valued at $588,000. Prudential Financial Inc. boosted 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 last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Republic Bancorp, Inc. KY during the third quarter valued at approximately $194,000. Cornercap Investment Counsel Inc. purchased a new stake in Republic Bancorp, Inc. KY during the fourth quarter valued at about $639,000. Finally, Russell Investments Group Ltd. purchased a new stake in Republic Bancorp, Inc. KY during the fourth quarter valued at about $130,000. Institutional investors own 24.80% of the company’s stock.
About Republic Bancorp, Inc. KY
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Republic Bancorp Inc. KY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Bancorp Inc. KY and related companies with our FREE daily email newsletter.