Republic Bancorp, Inc. (NASDAQ:RBCAA) has been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating. Republic Bancorp’s rating score has declined by 50% in the last 90 days as a result of a number of analysts’ ratings changes.

Analysts have set a 1-year consensus price objective of $41.00 for the company, according to Zacks. Zacks has also given Republic Bancorp an industry rank of 203 out of 265 based on the ratings given to its competitors.

A number of equities analysts have weighed in on RBCAA shares. Zacks Investment Research raised shares of Republic Bancorp from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Friday, November 17th. ValuEngine downgraded shares of Republic Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday. Hovde Group downgraded shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $39.00 to $41.00 in a research note on Wednesday, October 4th. Finally, BidaskClub downgraded shares of Republic Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th.

Republic Bancorp (NASDAQ RBCAA) traded down $0.53 during trading hours on Thursday, reaching $39.77. 13,141 shares of the company’s stock were exchanged, compared to its average volume of 14,640. The firm has a market capitalization of $829.56, a price-to-earnings ratio of 16.37 and a beta of 0.51. Republic Bancorp has a 52-week low of $31.97 and a 52-week high of $44.04. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.21 and a current ratio of 1.21.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.05. The firm had revenue of $58.68 million for the quarter. Republic Bancorp had a net margin of 19.02% and a return on equity of 8.18%. analysts expect that Republic Bancorp will post 2.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, December 15th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Thursday, December 14th. Republic Bancorp’s dividend payout ratio is presently 36.21%.

In related news, EVP Steven E. Deweese sold 1,115 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $35.49, for a total transaction of $39,571.35. Following the completion of the sale, the executive vice president now directly owns 41,630 shares of the company’s stock, valued at $1,477,448.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven E. Deweese sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $41.00, for a total transaction of $287,000.00. Following the sale, the executive vice president now directly owns 34,115 shares of the company’s stock, valued at $1,398,715. The disclosure for this sale can be found here. Insiders own 52.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of RBCAA. American International Group Inc. grew its holdings in Republic Bancorp by 7.1% during the first quarter. American International Group Inc. now owns 5,947 shares of the bank’s stock valued at $205,000 after purchasing an additional 392 shares during the period. Vanguard Group Inc. grew its holdings in Republic Bancorp by 5.4% during the first quarter. Vanguard Group Inc. now owns 390,308 shares of the bank’s stock valued at $13,423,000 after purchasing an additional 19,998 shares during the period. Geode Capital Management LLC grew its holdings in Republic Bancorp by 5.7% during the first quarter. Geode Capital Management LLC now owns 83,713 shares of the bank’s stock valued at $2,878,000 after purchasing an additional 4,540 shares during the period. Dimensional Fund Advisors LP grew its holdings in Republic Bancorp by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 747,183 shares of the bank’s stock valued at $25,696,000 after purchasing an additional 13,687 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in Republic Bancorp by 23.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 72,979 shares of the bank’s stock valued at $2,510,000 after purchasing an additional 13,805 shares during the period. Hedge funds and other institutional investors own 24.45% of the company’s stock.

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About Republic Bancorp

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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