Republic Bancorp, Inc. KY (NASDAQ:RBCAA) Given $44.50 Average Target Price by Analysts

Shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a 12 month consensus price target of $44.50 for the company, according to Zacks. Zacks has also assigned Republic Bancorp, Inc. KY an industry rank of 147 out of 256 based on the ratings given to its competitors.

Separately, BidaskClub raised shares of Republic Bancorp, Inc. KY from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th.

Shares of NASDAQ:RBCAA opened at $46.27 on Wednesday. The company has a market cap of $968.80 million, a PE ratio of 12.66 and a beta of 0.57. Republic Bancorp, Inc. KY has a one year low of $35.17 and a one year high of $50.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.16 and a current ratio of 1.17.

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

The firm 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 yield of 2.28%. The ex-dividend date is Thursday, June 20th.

In other news, Director Mark A. Vogt purchased 3,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average cost of $48.93 per share, with a total value of $171,255.00. Following the completion of the acquisition, the director now owns 9,816 shares of the company’s stock, valued at $480,296.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Anthony T. Powell sold 3,775 shares of Republic Bancorp, Inc. KY stock in a transaction on Wednesday, May 8th. The stock was 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 directly owns 14,617 shares in the company, valued at $716,233. The disclosure for this sale can be found here. Company insiders own 52.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Republic Bancorp, Inc. KY by 3.5% during the fourth quarter. BlackRock Inc. now owns 968,295 shares of the bank’s stock worth $37,493,000 after buying an additional 32,969 shares during the period. Dimensional Fund Advisors LP lifted its position in Republic Bancorp, Inc. KY by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 839,828 shares of the bank’s stock valued at $37,556,000 after purchasing an additional 6,146 shares during the period. Norges Bank acquired a new position in Republic Bancorp, Inc. KY during the fourth quarter valued at $12,273,000. Northern Trust Corp lifted its position in Republic Bancorp, Inc. KY by 1.2% during the first quarter. Northern Trust Corp now owns 133,250 shares of the bank’s stock valued at $5,959,000 after purchasing an additional 1,583 shares during the period. Finally, Geode Capital Management LLC lifted its position in Republic Bancorp, Inc. KY by 9.5% during the first quarter. Geode Capital Management LLC now owns 131,634 shares of the bank’s stock valued at $5,886,000 after purchasing an additional 11,438 shares during the period. 25.76% of the stock is currently owned by institutional investors and hedge funds.

Republic Bancorp, Inc. KY Company Profile

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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