Republic Bancorp, Inc. KY (NASDAQ:RBCAA) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Hovde Group set a $51.00 price objective on Republic Bancorp, Inc. KY and gave the company a “hold” rating in a research report on Monday, July 23rd.

RBCAA traded down $0.97 during trading on Thursday, reaching $45.32. 9,430 shares of the stock were exchanged, compared to its average volume of 15,738. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.24 and a current ratio of 1.25. The company has a market cap of $954.46 million, a price-to-earnings ratio of 14.55 and a beta of 0.44. Republic Bancorp, Inc. KY has a 1 year low of $34.24 and a 1 year high of $50.70.

Large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in Republic Bancorp, Inc. KY by 1.9% in the third quarter. BlackRock Inc. now owns 935,326 shares of the bank’s stock valued at $43,120,000 after purchasing an additional 17,251 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Republic Bancorp, Inc. KY by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 808,398 shares of the bank’s stock valued at $36,621,000 after purchasing an additional 9,302 shares during the last quarter. Northern Trust Corp increased its stake in Republic Bancorp, Inc. KY by 2.0% in the first quarter. Northern Trust Corp now owns 133,659 shares of the bank’s stock valued at $5,118,000 after purchasing an additional 2,648 shares during the last quarter. Renaissance Technologies LLC increased its stake in Republic Bancorp, Inc. KY by 32.5% in the second quarter. Renaissance Technologies LLC now owns 102,300 shares of the bank’s stock valued at $4,634,000 after purchasing an additional 25,100 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Republic Bancorp, Inc. KY by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 85,654 shares of the bank’s stock valued at $3,948,000 after purchasing an additional 2,764 shares during the last quarter. Institutional investors and hedge funds own 25.53% 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 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.

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