Republic Bancorp, Inc. KY (RBCAA) Stock Rating Upgraded by Zacks Investment Research

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The brokerage presently has a $44.00 price target on the bank’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.88% from the stock’s previous close.

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

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Separately, BidaskClub cut Republic Bancorp, Inc. KY from a “hold” rating to a “sell” rating in a research note on Friday, December 29th.

NASDAQ:RBCAA opened at $38.30 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.17 and a current ratio of 1.18. Republic Bancorp, Inc. KY has a fifty-two week low of $31.97 and a fifty-two week high of $44.04. The stock has a market cap of $798.59, a price-to-earnings ratio of 15.32 and a beta of 0.51.

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

Several hedge funds and other institutional investors have recently made changes to their positions in RBCAA. SeaCrest Wealth Management LLC bought a new stake in shares of Republic Bancorp, Inc. KY in the 4th quarter valued at approximately $121,000. MetLife Investment Advisors LLC bought a new stake in shares of Republic Bancorp, Inc. KY in the 4th quarter valued at approximately $206,000. Stone Ridge Asset Management LLC bought a new stake in shares of Republic Bancorp, Inc. KY in the 4th quarter valued at approximately $225,000. The Manufacturers Life Insurance Company grew its stake in shares of Republic Bancorp, Inc. KY by 6.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,936 shares of the bank’s stock valued at $283,000 after buying an additional 449 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in shares of Republic Bancorp, Inc. KY in the 4th quarter valued at approximately $322,000. 26.52% of the stock is owned by institutional investors and hedge funds.

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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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