Shares of Republic Bancorp, Inc. KY Class A (NASDAQ:RBCAA) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a 1-year consensus price objective of $41.00 for the company, according to Zacks. Zacks has also given Republic Bancorp, Inc. KY Class A an industry rank of 117 out of 255 based on the ratings given to related companies.
Several equities research analysts have recently commented on the stock. BidaskClub cut shares of Republic Bancorp, Inc. KY Class A from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 16th. Hovde Group set a $51.00 target price on shares of Republic Bancorp, Inc. KY Class A and gave the stock a “hold” rating in a research report on Monday, July 23rd.
Shares of NASDAQ:RBCAA traded up $0.36 on Friday, hitting $48.78. The company had a trading volume of 1,781 shares, compared to its average volume of 13,303. Republic Bancorp, Inc. KY Class A has a 1 year low of $34.24 and a 1 year high of $50.70. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 1.36. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 17.09 and a beta of 0.28.
Republic Bancorp, Inc. KY Class A (NASDAQ:RBCAA) last posted its earnings results on Friday, July 20th. The bank reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.16. Republic Bancorp, Inc. KY Class A had a net margin of 19.24% and a return on equity of 9.45%. The firm had revenue of $65.38 million during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, September 21st will be given a dividend of $0.242 per share. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $0.97 dividend on an annualized basis and a yield of 1.98%.
In related news, EVP Juan Montano sold 3,000 shares of Republic Bancorp, Inc. KY Class A stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $47.91, for a total transaction of $143,730.00. Following the completion of the transaction, the executive vice president now directly owns 8,084 shares of the company’s stock, valued at approximately $387,304.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 52.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Republic Bancorp, Inc. KY Class A by 14.1% during the 2nd quarter. BlackRock Inc. now owns 918,075 shares of the bank’s stock valued at $41,590,000 after purchasing an additional 113,318 shares in the last quarter. Gendell Jeffrey L increased its stake in Republic Bancorp, Inc. KY Class A by 23.4% during the 1st quarter. Gendell Jeffrey L now owns 140,962 shares of the bank’s stock valued at $5,399,000 after purchasing an additional 26,686 shares in the last quarter. Renaissance Technologies LLC increased its stake in Republic Bancorp, Inc. KY Class A by 32.5% during the 2nd quarter. Renaissance Technologies LLC now owns 102,300 shares of the bank’s stock valued at $4,634,000 after purchasing an additional 25,100 shares in the last quarter. Mackay Shields LLC bought a new stake in Republic Bancorp, Inc. KY Class A during the 1st quarter valued at about $820,000. Finally, Dimensional Fund Advisors LP increased its stake in Republic Bancorp, Inc. KY Class A by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 799,096 shares of the bank’s stock valued at $30,605,000 after purchasing an additional 15,553 shares in the last quarter. 25.38% of the stock is owned by institutional investors.
About Republic Bancorp, Inc. KY Class A
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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