Republic Bancorp, Inc. (NASDAQ:RBCAA) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 1 year consensus price target of $39.00 for the company, according to Zacks. Zacks has also given Republic Bancorp an industry rank of 109 out of 265 based on the ratings given to related companies.

Several analysts have weighed in on RBCAA shares. Zacks Investment Research raised Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. BidaskClub lowered shares of Republic Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.

Republic Bancorp (RBCAA) traded up 2.34% on Tuesday, reaching $35.03. The company had a trading volume of 13,805 shares. The company’s 50 day moving average is $35.63 and its 200-day moving average is $35.22. Republic Bancorp has a one year low of $28.56 and a one year high of $40.74. The firm has a market capitalization of $730.62 million, a price-to-earnings ratio of 14.72 and a beta of 0.48.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The business had revenue of $56.06 million for the quarter. Republic Bancorp had a return on equity of 8.20% and a net margin of 19.33%. On average, equities research analysts expect that Republic Bancorp will post $2.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.51%. Republic Bancorp’s payout ratio is 36.82%.

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Several institutional investors have recently added to or reduced their stakes in RBCAA. Dimensional Fund Advisors LP raised its position in Republic Bancorp by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 747,183 shares of the bank’s stock valued at $25,696,000 after buying an additional 13,687 shares during the last quarter. Vanguard Group Inc. raised its position in Republic Bancorp by 5.4% in the first quarter. Vanguard Group Inc. now owns 390,308 shares of the bank’s stock valued at $13,423,000 after buying an additional 19,998 shares during the last quarter. Norges Bank acquired a new position in Republic Bancorp during the fourth quarter valued at about $10,382,000. State Street Corp raised its position in Republic Bancorp 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 last quarter. Finally, Bank of America Corp DE raised its position in Republic Bancorp by 0.4% in the first quarter. Bank of America Corp DE now owns 93,652 shares of the bank’s stock valued at $3,221,000 after buying an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 25.97% of the company’s stock.

About Republic Bancorp

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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