Shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) have been given a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Analysts have set a 1-year consensus target price of $41.00 for the company, according to Zacks. Zacks has also assigned Republic Bancorp, Inc. KY an industry rank of 200 out of 265 based on the ratings given to its competitors.
A number of research analysts have recently issued reports on RBCAA shares. Zacks Investment Research upgraded shares of Republic Bancorp, Inc. KY from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Friday, November 17th. BidaskClub upgraded shares of Republic Bancorp, Inc. KY from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. Finally, ValuEngine cut shares of Republic Bancorp, Inc. KY from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th.
Several institutional investors have recently modified their holdings of RBCAA. MetLife Investment Advisors LLC acquired a new position in shares of Republic Bancorp, Inc. KY in the 4th quarter valued at $206,000. Stone Ridge Asset Management LLC acquired a new position in shares of Republic Bancorp, Inc. KY in the 4th quarter valued at $225,000. Deutsche Bank AG grew its holdings in shares of Republic Bancorp, Inc. KY by 40.7% in the 4th quarter. Deutsche Bank AG now owns 35,083 shares of the bank’s stock valued at $1,332,000 after buying an additional 10,148 shares during the period. Geode Capital Management LLC grew its holdings in shares of Republic Bancorp, Inc. KY by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 99,168 shares of the bank’s stock valued at $3,770,000 after buying an additional 3,024 shares during the period. Finally, Martingale Asset Management L P grew its holdings in shares of Republic Bancorp, Inc. KY by 50.3% in the 4th quarter. Martingale Asset Management L P now owns 56,519 shares of the bank’s stock valued at $2,149,000 after buying an additional 18,910 shares during the period. Institutional investors own 26.52% of the company’s stock.
Shares of Republic Bancorp, Inc. KY (RBCAA) opened at $39.75 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.21 and a current ratio of 1.18. The firm has a market capitalization of $825.66, a P/E ratio of 18.23 and a beta of 0.51. Republic Bancorp, Inc. KY has a 1-year low of $31.97 and a 1-year high of $44.04.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, January 26th. The bank reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Republic Bancorp, Inc. KY had a return on equity of 8.27% and a net margin of 16.46%. The company had revenue of $60.83 million for the quarter. equities research analysts predict that Republic Bancorp, Inc. KY will post 3.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, March 16th will be given a dividend of $0.242 per share. This is a boost from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.97 annualized dividend and a dividend yield of 2.44%. Republic Bancorp, Inc. KY’s payout ratio is presently 40.37%.
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Republic Bancorp, Inc. KY Company Profile
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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