Republic Bancorp, Inc. KY (NASDAQ:RBCAA) Upgraded at BidaskClub

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BidaskClub upgraded shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) from a strong sell rating to a sell rating in a research note issued to investors on Thursday, BidAskClub reports.

NASDAQ:RBCAA opened at $44.93 on Thursday. The stock’s 50-day simple moving average is $44.39 and its 200 day simple moving average is $46.14. The company has a market cap of $932.72 million, a P/E ratio of 11.60 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.27. Republic Bancorp, Inc. KY has a 52-week low of $35.17 and a 52-week high of $52.68.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, July 19th. The bank reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. The firm had revenue of $69.07 million for the quarter. Republic Bancorp, Inc. KY had a return on equity of 11.41% and a net margin of 24.45%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be given a dividend of $0.264 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, September 19th.

In other Republic Bancorp, Inc. KY news, EVP Juan Montano sold 2,219 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $42.63, for a total transaction of $94,595.97. Following the transaction, the executive vice president now owns 9,923 shares of the company’s stock, valued at $423,017.49. The sale was disclosed in a document filed with the SEC, which is available through this link. 52.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aperio Group LLC acquired a new position in shares of Republic Bancorp, Inc. KY in the second quarter valued at approximately $35,000. Bank of Montreal Can acquired a new position in shares of Republic Bancorp, Inc. KY in the second quarter valued at approximately $40,000. BNP Paribas Arbitrage SA grew its position in shares of Republic Bancorp, Inc. KY by 361.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,010 shares of the bank’s stock valued at $90,000 after purchasing an additional 1,574 shares during the last quarter. KBC Group NV grew its position in shares of Republic Bancorp, Inc. KY by 30.2% in the second quarter. KBC Group NV now owns 3,076 shares of the bank’s stock valued at $153,000 after purchasing an additional 713 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Republic Bancorp, Inc. KY in the second quarter valued at approximately $206,000. 26.03% of the stock is currently owned by hedge funds and other institutional investors.

Republic Bancorp, Inc. KY Company Profile

Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates through 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 deposit; and money market and individual retirement accounts.

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