Zacks: Republic Bancorp, Inc. KY (RBCAA) Given Average Rating of “Hold” by Brokerages

Shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) have been given an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.

Analysts have set a 12 month consensus price objective of $41.00 for the company, according to Zacks. Zacks has also given Republic Bancorp, Inc. KY an industry rank of 43 out of 265 based on the ratings given to its competitors.

A number of analysts have issued reports on RBCAA shares. Zacks Investment Research upgraded shares of Republic Bancorp, Inc. KY from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Friday, November 17th. BidaskClub lowered shares of Republic Bancorp, Inc. KY from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Finally, ValuEngine lowered shares of Republic Bancorp, Inc. KY from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th.

Several institutional investors have recently made changes to their positions in RBCAA. Wells Fargo & Company MN grew its position in shares of Republic Bancorp, Inc. KY by 24.3% during the second quarter. Wells Fargo & Company MN now owns 9,785 shares of the bank’s stock worth $350,000 after buying an additional 1,911 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Republic Bancorp, Inc. KY by 24.2% during the second quarter. New York State Common Retirement Fund now owns 11,300 shares of the bank’s stock worth $403,000 after buying an additional 2,199 shares in the last quarter. Northern Trust Corp grew its position in shares of Republic Bancorp, Inc. KY by 10.7% during the second quarter. Northern Trust Corp now owns 136,694 shares of the bank’s stock worth $4,880,000 after buying an additional 13,224 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Republic Bancorp, Inc. KY by 0.7% during the second quarter. Vanguard Group Inc. now owns 393,134 shares of the bank’s stock worth $14,035,000 after buying an additional 2,826 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Republic Bancorp, Inc. KY by 9.5% during the second quarter. Parametric Portfolio Associates LLC now owns 27,201 shares of the bank’s stock worth $971,000 after buying an additional 2,355 shares in the last quarter. 24.47% of the stock is owned by institutional investors and hedge funds.

Shares of Republic Bancorp, Inc. KY (NASDAQ RBCAA) traded up $0.36 on Friday, reaching $39.08. 19,125 shares of the company traded hands, compared to its average volume of 14,758. The stock has a market cap of $807.31, a price-to-earnings ratio of 17.93 and a beta of 0.48. Republic Bancorp, Inc. KY has a 12-month low of $31.97 and a 12-month high of $44.04. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.21 and a current ratio of 1.21.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, January 26th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. The firm had revenue of $60.83 million for the quarter. Republic Bancorp, Inc. KY had a net margin of 16.46% and a return on equity of 8.29%. research analysts anticipate that Republic Bancorp, Inc. KY will post 3.11 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.242 per share. The ex-dividend date is Thursday, March 15th. This is a positive change from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.22. This represents a $0.97 dividend on an annualized basis and a yield of 2.48%. Republic Bancorp, Inc. KY’s dividend payout ratio is 40.37%.

TRADEMARK VIOLATION NOTICE: “Zacks: Republic Bancorp, Inc. KY (RBCAA) Given Average Rating of “Hold” by Brokerages” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://ledgergazette.com/2018/02/17/zacks-republic-bancorp-inc-ky-rbcaa-given-average-rating-of-hold-by-brokerages-2.html.

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.

Get a free copy of the Zacks research report on Republic Bancorp, Inc. KY (RBCAA)

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply