Republic Bancorp (RBCAA) to Release Quarterly Earnings on Thursday

Republic Bancorp (NASDAQ:RBCAA) is expected to announce its results before the market opens on Thursday, April 23rd. Analysts expect the company to announce earnings of $1.41 per share and revenue of $96.60 million for the quarter.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings data on Friday, January 30th. The bank reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.13). The company had revenue of $94.27 million during the quarter, compared to analyst estimates of $92.50 million. Republic Bancorp had a net margin of 25.19% and a return on equity of 12.27%.

Republic Bancorp Price Performance

Shares of NASDAQ RBCAA opened at $73.52 on Wednesday. The stock has a market capitalization of $1.44 billion, a PE ratio of 10.94 and a beta of 0.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.08 and a quick ratio of 1.05. The business has a fifty day moving average price of $70.90 and a two-hundred day moving average price of $70.26. Republic Bancorp has a fifty-two week low of $63.97 and a fifty-two week high of $78.25.

Hedge Funds Weigh In On Republic Bancorp

A number of institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV raised its holdings in shares of Republic Bancorp by 93.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 42,930 shares of the bank’s stock worth $2,964,000 after buying an additional 20,781 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Republic Bancorp by 9.2% during the 4th quarter. Empowered Funds LLC now owns 73,735 shares of the bank’s stock worth $5,087,000 after buying an additional 6,189 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Republic Bancorp during the 4th quarter worth $1,102,000. Inspire Investing LLC raised its holdings in shares of Republic Bancorp by 8.1% during the 4th quarter. Inspire Investing LLC now owns 6,952 shares of the bank’s stock worth $480,000 after buying an additional 522 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Republic Bancorp by 5.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 123,097 shares of the bank’s stock worth $8,492,000 after buying an additional 6,189 shares in the last quarter. Institutional investors and hedge funds own 24.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RBCAA shares. Wall Street Zen cut Republic Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.00.

About Republic Bancorp

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.