Republic Bancorp, Inc. (RBCAA) Given Average Rating of “Hold” by Analysts
Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) have received an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation. Republic Bancorp’s rating score has declined by 50% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus price objective of $41.00 for the company, according to Zacks. Zacks has also given Republic Bancorp an industry rank of 219 out of 265 based on the ratings given to its competitors.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Republic Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. BidaskClub cut shares of Republic Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Hovde Group cut shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the company from $39.00 to $41.00 in a research note on Wednesday, October 4th.
Shares of Republic Bancorp (RBCAA) traded down $0.32 during mid-day trading on Friday, hitting $39.54. 13,524 shares of the company were exchanged, compared to its average volume of 23,944. The stock has a market cap of $824.84, a PE ratio of 16.27 and a beta of 0.51. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.66. Republic Bancorp has a 12 month low of $30.05 and a 12 month high of $44.04.
Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, October 20th. The bank reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.05. The company had revenue of $58.68 million for the quarter. Republic Bancorp had a net margin of 19.02% and a return on equity of 8.23%. sell-side analysts anticipate that Republic Bancorp will post 2.33 EPS for the current fiscal year.
In other Republic Bancorp news, EVP Steven E. Deweese sold 7,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $41.00, for a total value of $287,000.00. Following the sale, the executive vice president now directly owns 34,115 shares in the company, valued at approximately $1,398,715. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven E. Deweese sold 1,115 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $35.49, for a total transaction of $39,571.35. Following the completion of the sale, the executive vice president now owns 41,630 shares in the company, valued at $1,477,448.70. The disclosure for this sale can be found here. Insiders have sold a total of 9,115 shares of company stock worth $361,071 over the last 90 days. 52.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Glenview Trust Co lifted its stake in Republic Bancorp by 1.7% in the 2nd quarter. Glenview Trust Co now owns 17,548 shares of the bank’s stock worth $626,000 after purchasing an additional 300 shares in the last quarter. American International Group Inc. lifted its stake in Republic Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 5,947 shares of the bank’s stock worth $205,000 after purchasing an additional 392 shares in the last quarter. Bank of America Corp DE lifted its stake in Republic Bancorp by 0.4% in the 1st quarter. Bank of America Corp DE now owns 93,652 shares of the bank’s stock worth $3,221,000 after purchasing an additional 414 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Republic Bancorp by 6.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,936 shares of the bank’s stock worth $283,000 after purchasing an additional 449 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Republic Bancorp by 0.6% in the 2nd quarter. Alliancebernstein L.P. now owns 79,080 shares of the bank’s stock worth $2,823,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 24.32% of the company’s stock.
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Republic Bancorp 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.
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