Zacks Investment Research cut shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) from a buy rating to a hold rating in a report published on Thursday morning.

According to Zacks, “Republic Bancorp, Inc. is a financial holding company. “

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RBCAA has been the topic of several other research reports. BidaskClub cut shares of Republic Bancorp, Inc. KY from a hold rating to a sell rating in a research report on Friday, March 2nd. ValuEngine cut shares of Republic Bancorp, Inc. KY from a buy rating to a hold rating in a research report on Saturday, November 25th.

Shares of Republic Bancorp, Inc. KY stock traded down $0.03 during mid-day trading on Thursday, hitting $39.10. 5,783 shares of the stock traded hands, compared to its average volume of 13,886. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 1.23. Republic Bancorp, Inc. KY has a twelve month low of $31.97 and a twelve month high of $44.04. The company has a market capitalization of $830.29, a PE ratio of 17.95 and a beta of 0.51.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, January 26th. The bank reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Republic Bancorp, Inc. KY had a net margin of 16.46% and a return on equity of 8.27%. The business had revenue of $60.83 million for the quarter. equities research analysts expect that Republic Bancorp, Inc. KY will post 3.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, March 16th will be issued a $0.242 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.97 dividend on an annualized basis and a yield of 2.48%. This is a boost from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.22. Republic Bancorp, Inc. KY’s dividend payout ratio (DPR) is currently 44.50%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bowling Portfolio Management LLC acquired a new stake in shares of Republic Bancorp, Inc. KY in the fourth quarter valued at approximately $1,510,000. Martingale Asset Management L P increased its stake in shares of Republic Bancorp, Inc. KY by 50.3% in the fourth quarter. Martingale Asset Management L P now owns 56,519 shares of the bank’s stock valued at $2,149,000 after purchasing an additional 18,910 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Republic Bancorp, Inc. KY in the third quarter valued at approximately $510,000. State Street Corp increased its stake in shares of Republic Bancorp, Inc. KY by 6.9% in the second quarter. State Street Corp now owns 184,000 shares of the bank’s stock valued at $6,570,000 after purchasing an additional 11,848 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of Republic Bancorp, Inc. KY by 65.4% in the third quarter. Nationwide Fund Advisors now owns 26,303 shares of the bank’s stock valued at $1,023,000 after purchasing an additional 10,400 shares during the period. 26.52% of the stock is currently owned by hedge funds and other institutional investors.

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Republic Bancorp, Inc. KY Company Profile

Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.

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