Republic Bancorp Inc. (NASDAQ:RBCAA) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also assigned Republic Bancorp an industry rank of 83 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Republic Bancorp from a “hold” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a report on Tuesday, August 16th.
Shares of Republic Bancorp (NASDAQ:RBCAA) opened at 31.08 on Tuesday. Republic Bancorp has a 12 month low of $23.00 and a 12 month high of $33.26. The company has a market cap of $648.39 million, a P/E ratio of 16.65 and a beta of 0.65. The company’s 50 day moving average is $31.12 and its 200 day moving average is $28.39.
Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, July 22nd. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Republic Bancorp had a net margin of 18.78% and a return on equity of 6.70%. On average, equities research analysts predict that Republic Bancorp will post $2.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, September 16th will be given a $0.209 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.84 annualized dividend and a yield of 2.69%. Republic Bancorp’s dividend payout ratio (DPR) is 44.68%.
A number of large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its stake in Republic Bancorp by 0.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 71,674 shares of the company’s stock valued at $1,981,000 after buying an additional 294 shares during the period. Numeric Investors LLC boosted its stake in Republic Bancorp by 94.4% in the second quarter. Numeric Investors LLC now owns 119,938 shares of the company’s stock valued at $3,314,000 after buying an additional 58,247 shares during the period. Panagora Asset Management Inc. boosted its stake in Republic Bancorp by 80.6% in the second quarter. Panagora Asset Management Inc. now owns 4,345 shares of the company’s stock valued at $120,000 after buying an additional 1,939 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Republic Bancorp by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 51,930 shares of the company’s stock valued at $1,435,000 after buying an additional 258 shares during the period. Finally, Teachers Advisors Inc. boosted its stake in Republic Bancorp by 6.0% in the second quarter. Teachers Advisors Inc. now owns 17,952 shares of the company’s stock valued at $496,000 after buying an additional 1,022 shares during the period. 24.31% of the stock is owned by institutional investors.
Republic Bancorp Company Profile
Republic Bancorp, Inc (Republic) 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. It operates in four segments: Traditional Banking, which provides traditional banking products primarily to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the Nation; 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Republic Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.