Republic Bancorp (NASDAQ:RBCAA) Releases Earnings Results, Beats Estimates By $0.63 EPS
by Amy Steele · The Cerbat GemRepublic Bancorp (NASDAQ:RBCAA – Get Free Report) posted its quarterly earnings data on Thursday. The bank reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.63, FiscalAI reports. Republic Bancorp had a net margin of 25.19% and a return on equity of 12.27%. The company had revenue of $114.57 million for the quarter, compared to analyst estimates of $96.60 million.
Republic Bancorp Trading Up 4.7%
Shares of NASDAQ:RBCAA traded up $3.38 during mid-day trading on Thursday, hitting $75.84. The company had a trading volume of 24,646 shares, compared to its average volume of 58,142. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.08 and a quick ratio of 1.05. Republic Bancorp has a one year low of $63.97 and a one year high of $78.25. The firm has a fifty day moving average price of $70.90 and a 200 day moving average price of $70.27. The company has a market capitalization of $1.49 billion, a PE ratio of 11.20 and a beta of 0.55.
Institutional Investors Weigh In On Republic Bancorp
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in shares of Republic Bancorp during the third quarter valued at about $27,000. Russell Investments Group Ltd. grew its stake in shares of Republic Bancorp by 2,561.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock valued at $60,000 after buying an additional 794 shares during the period. Raymond James Financial Inc. bought a new stake in Republic Bancorp in the 2nd quarter valued at about $121,000. CANADA LIFE ASSURANCE Co increased its position in Republic Bancorp by 541.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,757 shares of the bank’s stock valued at $121,000 after buying an additional 1,483 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Republic Bancorp by 46.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,887 shares of the bank’s stock worth $138,000 after buying an additional 598 shares during the period. 24.37% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on RBCAA. Wall Street Zen lowered shares of Republic Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Bancorp in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Bancorp presently has an average rating of “Hold” and an average price target of $69.00.
Read Our Latest Analysis on RBCAA
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.