Shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a twelve-month consensus price objective of $44.50 for the company, according to Zacks. Zacks has also assigned Republic Bancorp, Inc. KY an industry rank of 27 out of 255 based on the ratings given to its competitors.
RBCAA has been the topic of a number of recent research reports. BidaskClub downgraded Republic Bancorp, Inc. KY from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th. Hovde Group restated a “market perform” rating and set a $41.00 price objective on shares of Republic Bancorp, Inc. KY in a report on Tuesday, January 29th.
A number of institutional investors have recently added to or reduced their stakes in RBCAA. Acadian Asset Management LLC grew its position in Republic Bancorp, Inc. KY by 283.0% in the third quarter. Acadian Asset Management LLC now owns 2,206 shares of the bank’s stock worth $102,000 after acquiring an additional 1,630 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Republic Bancorp, Inc. KY by 345.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,026 shares of the bank’s stock valued at $117,000 after purchasing an additional 2,347 shares during the last quarter. Citigroup Inc. raised its stake in Republic Bancorp, Inc. KY by 17.3% during the 4th quarter. Citigroup Inc. now owns 3,105 shares of the bank’s stock valued at $120,000 after purchasing an additional 458 shares during the last quarter. Ramsey Quantitative Systems raised its stake in Republic Bancorp, Inc. KY by 22.0% during the 4th quarter. Ramsey Quantitative Systems now owns 3,545 shares of the bank’s stock valued at $137,000 after purchasing an additional 639 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Republic Bancorp, Inc. KY by 12.1% in the 4th quarter. Legal & General Group Plc now owns 3,779 shares of the bank’s stock valued at $146,000 after buying an additional 408 shares in the last quarter. 25.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ RBCAA traded down $0.26 during mid-day trading on Tuesday, hitting $44.24. 16,926 shares of the stock traded hands, compared to its average volume of 15,956. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.12. Republic Bancorp, Inc. KY has a 52 week low of $35.17 and a 52 week high of $50.70. The firm has a market capitalization of $933.95 million, a PE ratio of 12.99 and a beta of 0.55.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last released its earnings results on Friday, January 25th. The bank reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.18. Republic Bancorp, Inc. KY had a return on equity of 10.82% and a net margin of 24.34%. The business had revenue of $64.40 million for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, March 15th will be issued a $0.264 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.24.
Republic Bancorp, Inc. KY Company Profile
Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates in 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 deposits; and money market and individual retirement accounts.
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