Republic Bancorp, Inc. KY (RBCAA) Rating Lowered to Sell at BidaskClub

BidaskClub lowered shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) from a hold rating to a sell rating in a research note published on Wednesday.

Shares of RBCAA opened at $41.82 on Wednesday. Republic Bancorp, Inc. KY has a 12-month low of $34.24 and a 12-month high of $50.70. The firm has a market cap of $844.90 million, a P/E ratio of 12.87 and a beta of 0.41. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.12.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its quarterly earnings data on Friday, October 19th. The bank reported $0.74 earnings per share (EPS) for the quarter. Republic Bancorp, Inc. KY had a return on equity of 10.02% and a net margin of 20.86%. The firm had revenue of $64.50 million for the quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, December 21st will be paid a $0.242 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, December 20th.

A number of hedge funds have recently bought and sold shares of RBCAA. First Trust Advisors LP lifted its stake in Republic Bancorp, Inc. KY by 20.3% in the second quarter. First Trust Advisors LP now owns 36,525 shares of the bank’s stock valued at $1,655,000 after buying an additional 6,174 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Republic Bancorp, Inc. KY by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 82,890 shares of the bank’s stock valued at $3,754,000 after buying an additional 1,230 shares during the last quarter. Bailard Inc. lifted its stake in Republic Bancorp, Inc. KY by 21.5% in the second quarter. Bailard Inc. now owns 14,700 shares of the bank’s stock valued at $666,000 after buying an additional 2,600 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Republic Bancorp, Inc. KY by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 76,020 shares of the bank’s stock valued at $3,444,000 after buying an additional 1,346 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Republic Bancorp, Inc. KY by 14.1% in the second quarter. BlackRock Inc. now owns 918,075 shares of the bank’s stock valued at $41,590,000 after buying an additional 113,318 shares during the last quarter. Institutional investors own 25.87% of the company’s stock.

About Republic Bancorp, Inc. KY

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.

Read More: Yield Curve

Receive News & Ratings for Republic Bancorp Inc. KY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Bancorp Inc. KY and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit