Republic Bancorp (NASDAQ:RBCAA – Get Free Report) released its quarterly earnings results on Friday. The bank reported $1.59 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.06), FiscalAI reports. The firm had revenue of $103.93 million for the quarter, compared to analyst estimates of $100.35 million. Republic Bancorp had a return on equity of 11.20% and a net margin of 25.38%.
Republic Bancorp Price Performance
Shares of NASDAQ RBCAA opened at $91.60 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a fifty day moving average price of $93.85 and a 200 day moving average price of $88.01. Republic Bancorp has a 1-year low of $63.97 and a 1-year high of $102.22. The company has a market cap of $1.80 billion, a PE ratio of 14.38 and a beta of 0.55.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Zacks Research raised shares of Republic Bancorp to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of Republic Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, October 16th. Raymond James Financial assumed coverage on shares of Republic Bancorp in a research report on Wednesday, September 2nd. They set a “hold” rating on the stock. Finally, Hovde Group lifted their price objective on shares of Republic Bancorp from $80.00 to $98.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $98.00.
View Our Latest Analysis on RBCAA
About Republic Bancorp
Republic Bancorp, Inc is a Louisville, Kentucky-based bank holding company whose principal subsidiary is Republic Bank & Trust Company. The company provides consumer and commercial banking services to individuals, businesses, professionals and institutions.
Republic Bank offers deposit accounts, checking and savings products, consumer and commercial loans, mortgages, treasury management, private banking, wealth management and investment services. Through its Republic Processing Group, the company also provides financial services and processing solutions for tax professionals, including tax refund-related products and services.
Founded in 1974, Republic Bancorp serves customers through banking operations primarily in Kentucky and selected markets in the surrounding region, including Indiana, Ohio, Tennessee and Florida.
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