Republic Bancorp (NASDAQ:RBCAA) Upgraded by Wall Street Zen to Hold Rating
by Kim Johansen · The Markets DailyWall Street Zen upgraded shares of Republic Bancorp (NASDAQ:RBCAA – Free Report) from a sell rating to a hold rating in a research note released on Saturday morning.
Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Bancorp in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.00.
View Our Latest Stock Report on Republic Bancorp
Republic Bancorp Price Performance
Shares of RBCAA stock opened at $69.00 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.35. Republic Bancorp has a twelve month low of $56.79 and a twelve month high of $78.25. The company has a market cap of $1.35 billion, a P/E ratio of 10.27 and a beta of 0.60. The business has a fifty day simple moving average of $71.24 and a 200 day simple moving average of $71.31.
Republic Bancorp (NASDAQ:RBCAA – Get Free Report) last released its earnings results on Friday, January 30th. The bank reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.13). The business 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 25.19% and a return on equity of 12.39%.
Republic Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, March 20th. This is an increase from Republic Bancorp’s previous quarterly dividend of $0.45. This represents a $1.98 annualized dividend and a dividend yield of 2.9%. Republic Bancorp’s payout ratio is 26.79%.
Institutional Trading of Republic Bancorp
Several institutional investors have recently modified their holdings of RBCAA. Quarry LP bought a new position in Republic Bancorp during the 3rd quarter worth $27,000. CWM LLC increased its stake in shares of Republic Bancorp by 68.0% in the second quarter. CWM LLC now owns 608 shares of the bank’s stock valued at $44,000 after buying an additional 246 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Republic Bancorp during the third quarter worth about $50,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Republic Bancorp during the third quarter worth about $60,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Republic Bancorp by 2,561.3% in the third quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock worth $60,000 after acquiring an additional 794 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.