BidaskClub Lowers Republic Bancorp, Inc. KY (NASDAQ:RBCAA) to Sell

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BidaskClub downgraded shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) from a hold rating to a sell rating in a research note released on Tuesday, BidAskClub reports.

NASDAQ RBCAA traded down $0.03 on Tuesday, hitting $45.02. The company had a trading volume of 101 shares, compared to its average volume of 12,119. The company has a market capitalization of $960.18 million, a PE ratio of 11.66 and a beta of 0.68. The company’s fifty day moving average price is $44.29 and its 200-day moving average price is $45.93. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.28 and a quick ratio of 1.24. Republic Bancorp, Inc. KY has a 12-month low of $35.17 and a 12-month high of $52.68.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.83 EPS for the quarter, topping the consensus estimate of $0.75 by $0.08. The company had revenue of $66.34 million during the quarter. Republic Bancorp, Inc. KY had a net margin of 24.35% and a return on equity of 11.42%.

In other news, EVP Juan Montano sold 2,219 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $42.63, for a total transaction of $94,595.97. Following the completion of the sale, the executive vice president now owns 9,923 shares of the company’s stock, valued at $423,017.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 2,619 shares of company stock valued at $112,696. 52.00% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in RBCAA. SG Americas Securities LLC purchased a new stake in shares of Republic Bancorp, Inc. KY in the third quarter valued at about $167,000. Russell Investments Group Ltd. purchased a new stake in shares of Republic Bancorp, Inc. KY in the third quarter valued at about $79,000. BB&T Corp purchased a new stake in shares of Republic Bancorp, Inc. KY in the third quarter valued at about $375,000. California Public Employees Retirement System grew its holdings in shares of Republic Bancorp, Inc. KY by 13.7% in the third quarter. California Public Employees Retirement System now owns 24,614 shares of the bank’s stock valued at $1,069,000 after purchasing an additional 2,970 shares during the period. Finally, Dupont Capital Management Corp purchased a new stake in shares of Republic Bancorp, Inc. KY in the third quarter valued at about $589,000. 26.48% of the stock is owned by institutional investors and hedge funds.

About Republic Bancorp, Inc. KY

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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