Republic Bancorp, Inc. KY (RBCAA) Downgraded to “Sell” at BidaskClub

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

Shares of RBCAA opened at $40.06 on Wednesday. The firm has a market cap of $848.87 million, a P/E ratio of 12.93 and a beta of 0.41. Republic Bancorp, Inc. KY has a 1-year low of $34.24 and a 1-year high of $50.70. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.20 and a current ratio of 1.20.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, October 19th. The bank reported $0.74 EPS for the quarter. The company had revenue of $64.50 million for the quarter. Republic Bancorp, Inc. KY had a return on equity of 10.02% and a net margin of 20.86%.



The business also recently announced a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, December 21st will be given a dividend of $0.242 per share. The ex-dividend date of this dividend is Thursday, December 20th. This represents a $0.97 annualized dividend and a yield of 2.42%.

Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc lifted its position in Republic Bancorp, Inc. KY by 145.9% during the 3rd quarter. Legal & General Group Plc now owns 3,371 shares of the bank’s stock worth $155,000 after acquiring an additional 2,000 shares during the period. MetLife Investment Advisors LLC lifted its position in Republic Bancorp, Inc. KY by 43.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 7,768 shares of the bank’s stock worth $358,000 after acquiring an additional 2,347 shares during the period. Matarin Capital Management LLC acquired a new stake in Republic Bancorp, Inc. KY during the 3rd quarter worth about $1,023,000. Renaissance Technologies LLC lifted its position in Republic Bancorp, Inc. KY by 18.0% during the 3rd quarter. Renaissance Technologies LLC now owns 120,700 shares of the bank’s stock worth $5,564,000 after acquiring an additional 18,400 shares during the period. Finally, Bridgeway Capital Management Inc. lifted its position in Republic Bancorp, Inc. KY by 4.0% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 78,342 shares of the bank’s stock worth $3,612,000 after acquiring an additional 3,000 shares during the period. 25.87% of the stock is 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 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.

See Also: What is Cost of Capital?

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.

Leave a Reply