Republic Bancorp, Inc. KY (NASDAQ:RBCAA) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday, BidAskClub reports.
Shares of Republic Bancorp, Inc. KY stock traded up $0.05 during mid-day trading on Thursday, hitting $46.22. The stock had a trading volume of 23,700 shares, compared to its average volume of 14,590. The firm has a 50-day moving average of $43.69 and a two-hundred day moving average of $45.98. Republic Bancorp, Inc. KY has a 12-month low of $35.17 and a 12-month high of $52.68. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The firm has a market cap of $956.18 million, a P/E ratio of 11.62 and a beta of 0.68.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.08. Republic Bancorp, Inc. KY had a net margin of 24.35% and a return on equity of 11.54%. The business had revenue of $66.34 million during the quarter.
In other Republic Bancorp, Inc. KY news, EVP Juan Montano sold 2,219 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,923 shares in the company, valued at approximately $423,017.49. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 2,619 shares of company stock worth $112,471. 52.00% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in RBCAA. Vanguard Group Inc. raised its holdings in shares of Republic Bancorp, Inc. KY by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 505,601 shares of the bank’s stock valued at $25,154,000 after purchasing an additional 40,541 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Republic Bancorp, Inc. KY in the 2nd quarter worth $1,885,000. BlackRock Inc. lifted its stake in shares of Republic Bancorp, Inc. KY by 3.4% in the 2nd quarter. BlackRock Inc. now owns 973,404 shares of the bank’s stock worth $48,427,000 after acquiring an additional 32,079 shares during the period. Denali Advisors LLC lifted its stake in shares of Republic Bancorp, Inc. KY by 143.8% in the 3rd quarter. Denali Advisors LLC now owns 43,601 shares of the bank’s stock worth $1,894,000 after acquiring an additional 25,716 shares during the period. Finally, Dupont Capital Management Corp acquired a new stake in shares of Republic Bancorp, Inc. KY in the 3rd quarter worth $589,000. Institutional investors and hedge funds own 26.28% of the company’s stock.
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.
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