Republic Bancorp (NASDAQ:RBCAA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Republic Bancorp (NASDAQ:RBCAA) from a sell rating to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Republic Bancorp Price Performance

NASDAQ RBCAA opened at $75.14 on Friday. The firm’s fifty day simple moving average is $71.07 and its two-hundred day simple moving average is $70.35. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46. Republic Bancorp has a 12-month low of $63.97 and a 12-month high of $78.25. The firm has a market capitalization of $1.47 billion, a P/E ratio of 11.60 and a beta of 0.55.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.63. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.45%. The business had revenue of $114.57 million for the quarter, compared to analyst estimates of $96.60 million.

Institutional Investors Weigh In On Republic Bancorp

Large investors have recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of Republic Bancorp during the third quarter valued at $27,000. State of Alaska Department of Revenue purchased a new stake in shares of Republic Bancorp during the third quarter valued at $50,000. Russell Investments Group Ltd. grew its holdings in shares of Republic Bancorp by 2,561.3% during the third quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock valued at $60,000 after buying an additional 794 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Republic Bancorp during the third quarter valued at $60,000. Finally, Quent Capital LLC purchased a new stake in shares of Republic Bancorp during the third quarter valued at $73,000. 24.37% of the stock is owned by hedge funds and other institutional investors.

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.