Republic Bancorp, Inc. KY Class A (RBCAA) Stock Rating Lowered by BidaskClub

Republic Bancorp, Inc. KY Class A (NASDAQ:RBCAA) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other brokerages also recently weighed in on RBCAA. Hovde Group set a $43.00 price target on shares of Republic Bancorp, Inc. KY Class A and gave the stock a “hold” rating in a report on Monday, April 23rd. Zacks Investment Research raised shares of Republic Bancorp, Inc. KY Class A from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Wednesday, March 21st.

Shares of Republic Bancorp, Inc. KY Class A opened at $45.00 on Friday, Marketbeat reports. Republic Bancorp, Inc. KY Class A has a 12-month low of $33.17 and a 12-month high of $47.98. The company has a market cap of $939.91 million, a price-to-earnings ratio of 18.00 and a beta of 0.45. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.74.

Republic Bancorp, Inc. KY Class A (NASDAQ:RBCAA) last announced its earnings results on Thursday, April 19th. The bank reported $1.13 earnings per share (EPS) for the quarter. Republic Bancorp, Inc. KY Class A had a net margin of 18.11% and a return on equity of 8.71%. The firm had revenue of $95.49 million for the quarter.

In related news, SVP Robert J. Arnold sold 3,100 shares of the stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $42.42, for a total value of $131,502.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven E. Deweese sold 1,484 shares of the stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $42.02, for a total transaction of $62,357.68. Following the completion of the transaction, the executive vice president now directly owns 32,999 shares of the company’s stock, valued at approximately $1,386,617.98. The disclosure for this sale can be found here. Corporate insiders own 52.30% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Bailard Inc. bought a new position in shares of Republic Bancorp, Inc. KY Class A during the fourth quarter valued at $376,000. Wells Fargo & Company MN raised its stake in shares of Republic Bancorp, Inc. KY Class A by 34.2% during the fourth quarter. Wells Fargo & Company MN now owns 20,783 shares of the bank’s stock valued at $791,000 after acquiring an additional 5,302 shares during the last quarter. BlackRock Inc. raised its stake in shares of Republic Bancorp, Inc. KY Class A by 1.0% during the fourth quarter. BlackRock Inc. now owns 773,031 shares of the bank’s stock valued at $29,392,000 after acquiring an additional 7,363 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of Republic Bancorp, Inc. KY Class A by 50.3% during the fourth quarter. Martingale Asset Management L P now owns 56,519 shares of the bank’s stock valued at $2,149,000 after acquiring an additional 18,910 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Republic Bancorp, Inc. KY Class A by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 99,168 shares of the bank’s stock valued at $3,770,000 after acquiring an additional 3,024 shares during the last quarter. 25.07% of the stock is owned by institutional investors and hedge funds.

About Republic Bancorp, Inc. KY Class A

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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