Media headlines about Republic Bancorp (NASDAQ:RBCAA) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Republic Bancorp earned a news impact score of 0.10 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 47.5565302222276 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several analysts have commented on the stock. Zacks Investment Research cut shares of Republic Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Hovde Group cut shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $39.00 to $41.00 in a research note on Wednesday, October 4th. Finally, BidaskClub cut shares of Republic Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th.
Shares of Republic Bancorp (RBCAA) traded down 1.830% during mid-day trading on Monday, reaching $40.083. 1,416 shares of the company’s stock traded hands. The firm has a market cap of $836.05 million, a price-to-earnings ratio of 16.842 and a beta of 0.52. Republic Bancorp has a one year low of $30.05 and a one year high of $44.04. The firm’s 50-day moving average is $38.88 and its 200 day moving average is $36.17.
Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, October 20th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $58.68 million for the quarter. Republic Bancorp had a net margin of 19.02% and a return on equity of 8.23%. Analysts predict that Republic Bancorp will post $2.38 earnings per share for the current year.
In related news, EVP Steven E. Deweese sold 1,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $34.50, for a total transaction of $34,500.00. Following the completion of the sale, the executive vice president now directly owns 42,230 shares of the company’s stock, valued at $1,456,935. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steven E. Deweese sold 7,000 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $41.00, for a total value of $287,000.00. Following the sale, the executive vice president now directly owns 34,115 shares of the company’s stock, valued at $1,398,715. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,115 shares of company stock worth $361,071. Insiders own 52.30% of the company’s stock.
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About Republic Bancorp
Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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