Republic Bancorp, Inc. KY (RBCAA) Upgraded to “Hold” by 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.

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%.

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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.

5 Day Chart for NASDAQ:RBCAA

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