Republic Bancorp, Inc. KY (RBCAA) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) from a buy rating to a hold rating in a research report released on Tuesday.

According to Zacks, “Republic Bancorp, Inc. is a financial holding company. “

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Separately, BidaskClub lowered shares of Republic Bancorp, Inc. KY from a hold rating to a sell rating in a research report on Friday, March 2nd.

RBCAA stock opened at $38.00 on Tuesday. Republic Bancorp, Inc. KY has a 52 week low of $31.97 and a 52 week high of $44.04. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.18 and a quick ratio of 1.17. The firm has a market cap of $797.55, a price-to-earnings ratio of 15.20 and a beta of 0.46.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, January 26th. The bank reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. Republic Bancorp, Inc. KY had a net margin of 16.46% and a return on equity of 8.27%. The business had revenue of $60.83 million during the quarter. research analysts anticipate that Republic Bancorp, Inc. KY will post 3.11 EPS for the current fiscal year.

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.97 annualized dividend and a yield of 2.55%. This is a positive change from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.22. Republic Bancorp, Inc. KY’s dividend payout ratio (DPR) is 38.80%.

Hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC bought a new position in Republic Bancorp, Inc. KY during the fourth quarter valued at $121,000. MetLife Investment Advisors LLC bought a new position in Republic Bancorp, Inc. KY during the fourth quarter valued at $206,000. Stone Ridge Asset Management LLC bought a new position in Republic Bancorp, Inc. KY during the fourth quarter valued at $225,000. The Manufacturers Life Insurance Company lifted its position in Republic Bancorp, Inc. KY by 6.0% during the second quarter. The Manufacturers Life Insurance Company now owns 7,936 shares of the bank’s stock valued at $283,000 after purchasing an additional 449 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in Republic Bancorp, Inc. KY during the fourth quarter valued at $322,000. Institutional investors and hedge funds own 26.52% of the company’s stock.

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Republic Bancorp, Inc. KY Company Profile

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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