Republic Bancorp, Inc. (NASDAQ:RBCAA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Republic Bancorp, Inc. is a financial holding company. “

Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Republic Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Hovde Group downgraded shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $39.00 to $41.00 in a report on Wednesday, October 4th.

Shares of Republic Bancorp (NASDAQ:RBCAA) opened at 41.24 on Wednesday. The firm has a market capitalization of $860.18 million, a price-to-earnings ratio of 17.33 and a beta of 0.52. The company’s 50 day moving average is $36.78 and its 200-day moving average is $35.54. Republic Bancorp has a one year low of $28.56 and a one year high of $41.30.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, July 21st. The bank reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Republic Bancorp had a net margin of 19.33% and a return on equity of 8.14%. The firm had revenue of $56.06 million for the quarter. Equities analysts expect that Republic Bancorp will post $2.34 EPS for the current year.

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In other Republic Bancorp news, EVP Steven E. Deweese sold 1,115 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $35.49, for a total transaction of $39,571.35. Following the transaction, the executive vice president now owns 41,630 shares in the company, valued at $1,477,448.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Steven E. Deweese sold 1,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $34.50, for a total transaction of $34,500.00. Following the transaction, the executive vice president now owns 42,230 shares in the company, valued at approximately $1,456,935. The disclosure for this sale can be found here. Corporate insiders own 52.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Globeflex Capital L P purchased a new stake in shares of Republic Bancorp in the first quarter valued at about $190,000. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 19,998 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of 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 purchasing an additional 414 shares during the last quarter. American International Group Inc. raised its holdings in shares of Republic Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 5,947 shares of the bank’s stock valued at $205,000 after purchasing an additional 392 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Republic Bancorp by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 25,163 shares of the bank’s stock valued at $865,000 after purchasing an additional 4,892 shares during the last quarter. Institutional investors own 24.29% 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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