Zacks: Republic Bancorp, Inc. KY (RBCAA) Receives Average Recommendation of “Hold” from Brokerages

Shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokerages have set a 1-year consensus price objective of $44.50 for the company, according to Zacks. Zacks has also assigned Republic Bancorp, Inc. KY an industry rank of 99 out of 255 based on the ratings given to related companies.

Several equities research analysts have recently commented on RBCAA shares. BidaskClub upgraded Republic Bancorp, Inc. KY from a “sell” rating to a “hold” rating in a report on Sunday, March 31st. Hovde Group restated a “market perform” rating and set a $41.00 price objective on shares of Republic Bancorp, Inc. KY in a report on Tuesday, January 29th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in Republic Bancorp, Inc. KY by 12.1% during the fourth quarter. Legal & General Group Plc now owns 3,779 shares of the bank’s stock worth $146,000 after buying an additional 408 shares in the last quarter. Citigroup Inc. grew its holdings in Republic Bancorp, Inc. KY by 17.3% during the fourth quarter. Citigroup Inc. now owns 3,105 shares of the bank’s stock worth $120,000 after buying an additional 458 shares in the last quarter. Ramsey Quantitative Systems grew its holdings in Republic Bancorp, Inc. KY by 22.0% during the fourth quarter. Ramsey Quantitative Systems now owns 3,545 shares of the bank’s stock worth $137,000 after buying an additional 639 shares in the last quarter. Millennium Management LLC grew its holdings in Republic Bancorp, Inc. KY by 4.7% during the fourth quarter. Millennium Management LLC now owns 15,080 shares of the bank’s stock worth $584,000 after buying an additional 678 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Republic Bancorp, Inc. KY by 1.4% during the fourth quarter. Northern Trust Corp now owns 131,667 shares of the bank’s stock worth $5,098,000 after buying an additional 1,769 shares in the last quarter. Hedge funds and other institutional investors own 27.13% of the company’s stock.

Shares of RBCAA stock opened at $46.04 on Friday. The company has a market capitalization of $970.22 million, a price-to-earnings ratio of 13.50 and a beta of 0.54. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 1.23. Republic Bancorp, Inc. KY has a fifty-two week low of $35.17 and a fifty-two week high of $50.70.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last issued its earnings results on Friday, January 25th. The bank reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.18. The business had revenue of $64.40 million during the quarter. Republic Bancorp, Inc. KY had a return on equity of 10.72% and a net margin of 24.34%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.264 per share. This is an increase from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, March 14th. This represents a $1.06 annualized dividend and a dividend yield of 2.29%.

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.

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