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. “
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.
WARNING: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/07/republic-bancorp-inc-ky-rbcaa-stock-rating-lowered-by-zacks-investment-research.html.
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.
Get a free copy of the Zacks research report on Republic Bancorp, Inc. KY (RBCAA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.