Republic Bancorp (NASDAQ:RBCAA) Rating Lowered to “Sell” at Wall Street Zen

Republic Bancorp (NASDAQ:RBCAA) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $69.00.

Republic Bancorp Stock Performance

Shares of RBCAA opened at $72.61 on Friday. Republic Bancorp has a 52-week low of $56.79 and a 52-week high of $78.25. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 10.81 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.05 and a current ratio of 1.06. The stock’s 50-day simple moving average is $70.77 and its 200 day simple moving average is $71.17.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, January 30th. The bank reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.13). Republic Bancorp had a net margin of 25.19% and a return on equity of 12.39%. The firm had revenue of $94.27 million during the quarter, compared to the consensus estimate of $92.50 million.

Institutional Investors Weigh In On Republic Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP lifted its position in shares of Republic Bancorp by 651.0% in the 2nd quarter. First Trust Advisors LP now owns 78,077 shares of the bank’s stock worth $5,708,000 after purchasing an additional 67,681 shares during the period. Millennium Management LLC increased its stake in Republic Bancorp by 172.3% during the 3rd quarter. Millennium Management LLC now owns 63,702 shares of the bank’s stock valued at $4,602,000 after purchasing an additional 40,308 shares in the last quarter. American Century Companies Inc. boosted its stake in Republic Bancorp by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 238,979 shares of the bank’s stock valued at $17,472,000 after purchasing an additional 28,976 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Republic Bancorp during the third quarter valued at $1,600,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Republic Bancorp by 9.0% during the 2nd quarter. Geode Capital Management LLC now owns 234,101 shares of the bank’s stock valued at $17,118,000 after acquiring an additional 19,271 shares during the last quarter. Hedge funds and other institutional investors own 24.37% of the company’s stock.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.