Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) have received an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 1-year consensus target price of $39.00 for the company, according to Zacks. Zacks has also given Republic Bancorp an industry rank of 109 out of 265 based on the ratings given to related companies.
RBCAA has been the subject of a number of research reports. Zacks Investment Research cut shares of Republic Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. BidaskClub cut shares of Republic Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.
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Shares of Republic Bancorp (RBCAA) traded down 1.09% during midday trading on Tuesday, reaching $33.50. The company’s stock had a trading volume of 19,402 shares. Republic Bancorp has a 52 week low of $28.56 and a 52 week high of $40.74. The company has a 50 day moving average of $35.45 and a 200-day moving average of $35.09. The stock has a market capitalization of $698.74 million, a price-to-earnings ratio of 14.08 and a beta of 0.48.
Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, July 21st. The bank reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Republic Bancorp had a net margin of 19.33% and a return on equity of 8.14%. The business had revenue of $56.06 million during the quarter. Equities research analysts predict that Republic Bancorp will post $2.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 annualized dividend and a yield of 2.63%. Republic Bancorp’s dividend payout ratio is currently 36.82%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Republic Bancorp during the fourth quarter valued at about $130,000. SG Americas Securities LLC purchased a new position in Republic Bancorp during the second quarter valued at about $165,000. Globeflex Capital L P purchased a new position in Republic Bancorp during the first quarter valued at about $190,000. American International Group Inc. boosted its position in Republic Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 5,947 shares of the bank’s stock valued at $205,000 after buying an additional 392 shares in the last quarter. Finally, TFS Capital LLC boosted its position in Republic Bancorp by 46.1% in the first quarter. TFS Capital LLC now owns 7,599 shares of the bank’s stock valued at $261,000 after buying an additional 2,398 shares in the last quarter. 25.97% of the stock is owned by hedge funds and other institutional investors.
Republic Bancorp Company Profile
Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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