BidaskClub Upgrades Republic Bancorp, Inc. KY (RBCAA) to Sell

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.

RBCAA has been the topic of several other reports. Zacks Investment Research downgraded Republic Bancorp, Inc. KY from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine downgraded Republic Bancorp, Inc. KY from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th.

Republic Bancorp, Inc. KY (NASDAQ RBCAA) traded up $0.84 during trading on Thursday, hitting $37.62. The company’s stock had a trading volume of 18,776 shares, compared to its average volume of 13,272. The company has a market cap of $784.38, a price-to-earnings ratio of 17.26 and a beta of 0.48. Republic Bancorp, Inc. KY has a twelve month low of $31.97 and a twelve month high of $44.04. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.26.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last posted its earnings results on Friday, January 26th. The bank reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. The business had revenue of $60.83 million during the quarter. Republic Bancorp, Inc. KY had a return on equity of 8.29% and a net margin of 16.46%. research analysts expect that Republic Bancorp, Inc. KY will post 3.03 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in RBCAA. Wells Fargo & Company MN lifted its position in shares of Republic Bancorp, Inc. KY by 24.3% in the second quarter. Wells Fargo & Company MN now owns 9,785 shares of the bank’s stock valued at $350,000 after acquiring an additional 1,911 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Republic Bancorp, Inc. KY by 0.6% in the second quarter. Alliancebernstein L.P. now owns 79,080 shares of the bank’s stock worth $2,823,000 after purchasing an additional 500 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Republic Bancorp, Inc. KY by 24.2% in the second quarter. New York State Common Retirement Fund now owns 11,300 shares of the bank’s stock worth $403,000 after purchasing an additional 2,199 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Republic Bancorp, Inc. KY by 10.7% in the second quarter. Northern Trust Corp now owns 136,694 shares of the bank’s stock worth $4,880,000 after purchasing an additional 13,224 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Republic Bancorp, Inc. KY by 0.7% in the second quarter. Vanguard Group Inc. now owns 393,134 shares of the bank’s stock worth $14,035,000 after purchasing an additional 2,826 shares during the last quarter. Institutional investors and hedge funds own 24.60% of the company’s stock.

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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.

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