Shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a twelve-month consensus target price of $44.50 for the company, according to Zacks. Zacks has also assigned Republic Bancorp, Inc. KY an industry rank of 99 out of 255 based on the ratings given to its competitors.
Several analysts have recently weighed in on RBCAA shares. BidaskClub downgraded shares of Republic Bancorp, Inc. KY from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Hovde Group reissued a “market perform” rating and issued a $41.00 price objective on shares of Republic Bancorp, Inc. KY in a research report on Tuesday, January 29th.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last released its earnings results on Friday, January 25th. The bank reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.18. Republic Bancorp, Inc. KY had a net margin of 24.34% and a return on equity of 10.72%. The company had revenue of $64.40 million for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, March 15th will be paid a $0.264 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.24. This represents a $1.06 annualized dividend and a dividend yield of 2.29%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Denali Advisors LLC grew its position in Republic Bancorp, Inc. KY by 3,198.0% in the 1st quarter. Denali Advisors LLC now owns 6,497 shares of the bank’s stock valued at $291,000 after buying an additional 6,300 shares in the last quarter. Geode Capital Management LLC lifted its stake in Republic Bancorp, Inc. KY by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 120,196 shares of the bank’s stock valued at $4,653,000 after buying an additional 5,159 shares in the last quarter. Norges Bank purchased a new stake in Republic Bancorp, Inc. KY during the fourth quarter valued at about $12,273,000. Dimensional Fund Advisors LP lifted its position in shares of Republic Bancorp, Inc. KY by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 833,682 shares of the bank’s stock worth $32,279,000 after purchasing an additional 15,798 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Republic Bancorp, Inc. KY by 4.7% in the fourth 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. 27.13% of the stock is currently owned by hedge funds and other institutional investors.
About Republic Bancorp, Inc. KY
Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates in 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 deposits; and money market and individual retirement accounts.
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