Republic Bancorp (NASDAQ:RBCAA) Upgraded at Wall Street Zen

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

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

Republic Bancorp Stock Performance

RBCAA stock opened at $69.00 on Friday. The company has a market cap of $1.35 billion, a P/E ratio of 10.27 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.06 and a quick ratio of 1.05. Republic Bancorp has a 1 year low of $56.79 and a 1 year high of $78.25. The stock’s fifty day moving average price is $71.24 and its 200-day moving average price is $71.31.

Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, January 30th. The bank reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.13). The firm had revenue of $94.27 million during the quarter, compared to analysts’ expectations of $92.50 million. Republic Bancorp had a return on equity of 12.39% and a net margin of 25.19%.

Institutional Investors Weigh In On Republic Bancorp

A number of institutional investors have recently bought and sold shares of RBCAA. Quarry LP bought a new stake in shares of Republic Bancorp in the third quarter worth about $27,000. CWM LLC grew its holdings in Republic Bancorp by 68.0% during the 2nd quarter. CWM LLC now owns 608 shares of the bank’s stock valued at $44,000 after buying an additional 246 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Republic Bancorp in the 3rd quarter worth approximately $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Republic Bancorp during the 3rd quarter worth approximately $60,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Republic Bancorp by 2,561.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock valued at $60,000 after acquiring an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 24.37% of the company’s stock.

About Republic Bancorp

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.