BidaskClub lowered shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) from a hold rating to a sell rating in a research report sent to investors on Friday morning, BidAskClub reports.

RBCAA stock opened at $47.39 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.17 and a quick ratio of 1.16. The company has a market capitalization of $993.30 million, a P/E ratio of 12.75 and a beta of 0.57. Republic Bancorp, Inc. KY has a 12 month low of $35.17 and a 12 month high of $50.70. The business has a 50 day simple moving average of $47.50.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last posted its earnings results on Wednesday, April 24th. The bank reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.05. The company had revenue of $99.72 million during the quarter. Republic Bancorp, Inc. KY had a net margin of 24.34% and a return on equity of 11.35%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 21st will be issued a dividend of $0.264 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, June 20th.

In other Republic Bancorp, Inc. KY news, Director Mark A. Vogt acquired 3,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $48.93 per share, for a total transaction of $171,255.00. Following the purchase, the director now owns 9,816 shares in the company, valued at approximately $480,296.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Anthony T. Powell sold 3,775 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $49.00, for a total transaction of $184,975.00. Following the completion of the transaction, the executive vice president now owns 14,617 shares of the company’s stock, valued at approximately $716,233. The disclosure for this sale can be found here. 52.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc increased its position in shares of Republic Bancorp, Inc. KY by 12.1% during the 4th quarter. Legal & General Group Plc now owns 3,779 shares of the bank’s stock worth $146,000 after purchasing an additional 408 shares in the last quarter. Citigroup Inc. increased its position in shares of Republic Bancorp, Inc. KY by 17.3% during the 4th quarter. Citigroup Inc. now owns 3,105 shares of the bank’s stock worth $120,000 after purchasing an additional 458 shares in the last quarter. Millennium Management LLC increased its position in shares of Republic Bancorp, Inc. KY by 4.7% during the 4th quarter. Millennium Management LLC now owns 15,080 shares of the bank’s stock worth $584,000 after purchasing an additional 678 shares in the last quarter. Creative Planning increased its position in shares of Republic Bancorp, Inc. KY by 8.8% during the 1st quarter. Creative Planning now owns 11,150 shares of the bank’s stock worth $499,000 after purchasing an additional 900 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Republic Bancorp, Inc. KY by 361.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,010 shares of the bank’s stock worth $90,000 after purchasing an additional 1,574 shares in the last quarter. Institutional investors own 25.63% of the company’s stock.

About Republic Bancorp, Inc. KY

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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