Republic Bancorp, Inc. KY (NASDAQ:RBCAA) Stock Rating Upgraded by BidaskClub

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

NASDAQ:RBCAA traded up $0.42 during mid-day trading on Thursday, hitting $44.95. The company had a trading volume of 424 shares, compared to its average volume of 17,165. The business has a fifty day simple moving average of $44.42 and a 200-day simple moving average of $46.14. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. Republic Bancorp, Inc. KY has a 1 year low of $35.17 and a 1 year high of $52.68. The firm has a market capitalization of $905.29 million, a price-to-earnings ratio of 11.26 and a beta of 0.66.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.86 EPS for the quarter, beating the consensus estimate of $0.78 by $0.08. Republic Bancorp, Inc. KY had a return on equity of 11.41% and a net margin of 24.45%. The company had revenue of $69.07 million for the quarter.



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

In other Republic Bancorp, Inc. KY news, EVP Juan Montano sold 2,219 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $42.63, for a total value of $94,595.97. Following the transaction, the executive vice president now directly owns 9,923 shares of the company’s stock, valued at $423,017.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 52.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in RBCAA. Dimensional Fund Advisors LP grew its stake in shares of Republic Bancorp, Inc. KY by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 833,682 shares of the bank’s stock valued at $32,279,000 after acquiring an additional 15,798 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Republic Bancorp, Inc. KY by 361.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,010 shares of the bank’s stock valued at $90,000 after acquiring an additional 1,574 shares in the last quarter. Martingale Asset Management L P grew its stake in shares of Republic Bancorp, Inc. KY by 21.0% during the first quarter. Martingale Asset Management L P now owns 71,517 shares of the bank’s stock valued at $3,199,000 after acquiring an additional 12,401 shares in the last quarter. Globeflex Capital L P grew its stake in shares of Republic Bancorp, Inc. KY by 17.9% during the first quarter. Globeflex Capital L P now owns 22,286 shares of the bank’s stock valued at $997,000 after acquiring an additional 3,386 shares in the last quarter. Finally, Denali Advisors LLC grew its stake in shares of Republic Bancorp, Inc. KY by 175.3% during the second quarter. Denali Advisors LLC now owns 17,885 shares of the bank’s stock valued at $890,000 after acquiring an additional 11,388 shares in the last quarter. 26.03% of the stock is currently owned by 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.

Featured Story: Leveraged Buyout (LBO) Explained

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.