Zacks Investment Research Lowers Republic Bancorp, Inc. KY (RBCAA) to Hold

Zacks Investment Research downgraded shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

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

How to Become a New Pot Stock Millionaire

Separately, BidaskClub lowered Republic Bancorp, Inc. KY from a hold rating to a sell rating in a report on Friday, December 29th.

Shares of Republic Bancorp, Inc. KY stock opened at $38.25 on Tuesday. The company has a market cap of $799.64, a price-to-earnings ratio of 15.46 and a beta of 0.46. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.18 and a quick ratio of 1.17. Republic Bancorp, Inc. KY has a 12-month low of $31.97 and a 12-month high of $44.04.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its earnings results on Friday, January 26th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $60.83 million during the quarter. Republic Bancorp, Inc. KY had a return on equity of 8.27% and a net margin of 16.46%. equities analysts predict that Republic Bancorp, Inc. KY will post 3.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, March 16th will be given a $0.242 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 2.53%. 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. Republic Bancorp, Inc. KY’s dividend payout ratio is 38.80%.

A number of large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its position in Republic Bancorp, Inc. KY by 6.0% in the second quarter. The Manufacturers Life Insurance Company now owns 7,936 shares of the bank’s stock valued at $283,000 after acquiring an additional 449 shares during the period. Prudential Financial Inc. grew its position in Republic Bancorp, Inc. KY by 9.8% in the third quarter. Prudential Financial Inc. now owns 30,687 shares of the bank’s stock valued at $1,193,000 after acquiring an additional 2,740 shares during the period. Geode Capital Management LLC grew its position in Republic Bancorp, Inc. KY by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 99,168 shares of the bank’s stock valued at $3,770,000 after acquiring an additional 3,024 shares during the period. SeaCrest Wealth Management LLC bought a new stake in Republic Bancorp, Inc. KY in the fourth quarter valued at $121,000. Finally, Schwab Charles Investment Management Inc. grew its position in Republic Bancorp, Inc. KY by 5.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 74,419 shares of the bank’s stock valued at $2,895,000 after acquiring an additional 3,633 shares during the period. Hedge funds and other institutional investors own 26.52% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Zacks Investment Research Lowers Republic Bancorp, Inc. KY (RBCAA) to Hold” was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3335169/zacks-investment-research-lowers-republic-bancorp-inc-ky-rbcaa-to-hold.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.

Latest News

QuinStreet Inc  Director Sells $2,513,114.92 in Stock
QuinStreet Inc Director Sells $2,513,114.92 in Stock
UnitedHealth Group’s  “Buy” Rating Reaffirmed at Piper Jaffray
UnitedHealth Group’s “Buy” Rating Reaffirmed at Piper Jaffray
Halliburton  PT Raised to $51.00 at Bank of America
Halliburton PT Raised to $51.00 at Bank of America
Insider Selling: Nektar Therapeutics  SVP Sells 13,881 Shares of Stock
Insider Selling: Nektar Therapeutics SVP Sells 13,881 Shares of Stock
Continental Resources  Downgraded to “Hold” at Zacks Investment Research
Continental Resources Downgraded to “Hold” at Zacks Investment Research
First BancTrust Co. to Issue None Dividend of $0.04
First BancTrust Co. to Issue None Dividend of $0.04


Leave a Reply

© 2006-2018 Ticker Report. Google+.