Republic Bancorp (NASDAQ:RBCAA) Cut to Sell at Wall Street Zen

Republic Bancorp (NASDAQ:RBCAA) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.00.

Republic Bancorp Price Performance

Shares of RBCAA opened at $72.61 on Friday. The stock has a market cap of $1.42 billion, a P/E ratio of 11.12 and a beta of 0.60. Republic Bancorp has a 1 year low of $56.79 and a 1 year high of $78.25. The stock’s 50-day moving average price is $70.77 and its two-hundred day moving average price is $71.20. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.35.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, January 30th. The bank reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.13). The company had revenue of $94.27 million during the quarter, compared to the consensus estimate of $92.50 million. Republic Bancorp had a net margin of 24.53% and a return on equity of 12.23%.

Institutional Investors Weigh In On Republic Bancorp

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in Republic Bancorp by 199.8% in the 1st quarter. AQR Capital Management LLC now owns 11,649 shares of the bank’s stock valued at $743,000 after acquiring an additional 7,764 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Republic Bancorp by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,945 shares of the bank’s stock valued at $316,000 after purchasing an additional 234 shares during the period. Jane Street Group LLC acquired a new stake in shares of Republic Bancorp in the 1st quarter valued at about $716,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Republic Bancorp by 33.3% in the second quarter. Public Employees Retirement System of Ohio now owns 2,000 shares of the bank’s stock valued at $146,000 after purchasing an additional 500 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Republic Bancorp by 17.0% during the second quarter. KLP Kapitalforvaltning AS now owns 11,000 shares of the bank’s stock worth $804,000 after buying an additional 1,600 shares during the period. Institutional investors own 24.37% of the company’s stock.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.