Shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Analysts have set a 1-year consensus target price of $44.50 for the company, according to Zacks. Zacks has also assigned Republic Bancorp, Inc. KY an industry rank of 155 out of 256 based on the ratings given to related companies.

Several equities analysts have recently issued reports on RBCAA shares. BidaskClub upgraded Republic Bancorp, Inc. KY from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Hovde Group restated a “market perform” rating and set a $41.00 target price on shares of Republic Bancorp, Inc. KY in a research report on Tuesday, January 29th.

In other Republic Bancorp, Inc. KY news, Director Mark A. Vogt acquired 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $48.93 per share, for a total transaction of $171,255.00. Following the transaction, the director now owns 9,816 shares of the company’s stock, valued at $480,296.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony T. Powell sold 3,775 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $49.00, for a total value 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 $716,233. The disclosure for this sale can be found here. Insiders have sold a total of 4,300 shares of company stock valued at $209,435 over the last 90 days. Corporate insiders own 52.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of Republic Bancorp, Inc. KY by 1.9% in the 3rd 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 period. Legal & General Group Plc grew its position in shares of Republic Bancorp, Inc. KY by 145.9% in the 3rd quarter. Legal & General Group Plc now owns 3,371 shares of the bank’s stock valued at $155,000 after purchasing an additional 2,000 shares during the period. Bowling Portfolio Management LLC grew its position in shares of Republic Bancorp, Inc. KY by 147.3% in the 4th quarter. Bowling Portfolio Management LLC now owns 34,705 shares of the bank’s stock valued at $1,344,000 after purchasing an additional 20,670 shares during the period. Citigroup Inc. grew its position in shares of Republic Bancorp, Inc. KY by 17.3% in the 4th quarter. Citigroup Inc. now owns 3,105 shares of the bank’s stock valued at $120,000 after purchasing an additional 458 shares during the period. Finally, Ramsey Quantitative Systems grew its position in shares of Republic Bancorp, Inc. KY by 22.0% in the 4th quarter. Ramsey Quantitative Systems now owns 3,545 shares of the bank’s stock valued at $137,000 after purchasing an additional 639 shares during the period. Institutional investors and hedge funds own 25.60% of the company’s stock.

Shares of RBCAA traded down $0.74 during mid-day trading on Thursday, reaching $47.24. 894 shares of the company were exchanged, compared to its average volume of 21,549. Republic Bancorp, Inc. KY has a 52 week low of $35.17 and a 52 week high of $50.70. 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 $1.01 billion, a price-to-earnings ratio of 13.02 and a beta of 0.56.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 21st will be given a dividend of $0.264 per share. The ex-dividend date is Thursday, June 20th. This represents a $1.06 annualized dividend and a dividend yield of 2.24%.

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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