Shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Analysts have set a twelve-month consensus price target of $44.50 for the company, according to Zacks. Zacks has also assigned Republic Bancorp, Inc. KY an industry rank of 105 out of 255 based on the ratings given to related companies.
Separately, BidaskClub downgraded shares of Republic Bancorp, Inc. KY from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th.
Shares of NASDAQ:RBCAA traded up $0.79 during mid-day trading on Friday, reaching $45.29. 83 shares of the company traded hands, compared to its average volume of 15,755. The company’s 50 day moving average price is $46.38 and its 200-day moving average price is $45.59. The firm has a market cap of $934.83 million, a PE ratio of 11.35 and a beta of 0.71. Republic Bancorp, Inc. KY has a 52 week low of $38.56 and a 52 week high of $52.68. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.28 and a quick ratio of 1.24.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.08. Republic Bancorp, Inc. KY had a net margin of 24.35% and a return on equity of 11.42%. The business had revenue of $66.34 million for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.264 per share. This represents a $1.06 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, December 19th.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Republic Bancorp, Inc. KY by 8.7% during the second quarter. Vanguard Group Inc. now owns 505,601 shares of the bank’s stock worth $25,154,000 after acquiring an additional 40,541 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Republic Bancorp, Inc. KY in the second quarter valued at approximately $1,885,000. BlackRock Inc. grew its stake in Republic Bancorp, Inc. KY by 3.4% in the second quarter. BlackRock Inc. now owns 973,404 shares of the bank’s stock worth $48,427,000 after purchasing an additional 32,079 shares in the last quarter. Denali Advisors LLC grew its stake in Republic Bancorp, Inc. KY by 143.8% in the third quarter. Denali Advisors LLC now owns 43,601 shares of the bank’s stock worth $1,894,000 after purchasing an additional 25,716 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new position in Republic Bancorp, Inc. KY during the 3rd quarter worth $589,000. 26.84% of the stock is currently owned by hedge funds and other institutional investors.
Republic Bancorp, Inc. KY Company Profile
Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates through five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposit; and money market and individual retirement accounts.
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