Republic Bancorp (NASDAQ:RBCAA) Lowered to Sell Rating by Wall Street Zen

Republic Bancorp (NASDAQ:RBCAA) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.00.

Republic Bancorp Price Performance

Republic Bancorp stock opened at $72.61 on Friday. The business’s fifty day moving average is $70.77 and its two-hundred day moving average is $71.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.05 and a current ratio of 1.06. The firm has a market cap of $1.42 billion, a P/E ratio of 11.12 and a beta of 0.60. Republic Bancorp has a 52 week low of $56.79 and a 52 week high of $78.25.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Friday, January 30th. The bank reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.13). The business had revenue of $94.27 million during the quarter, compared to the consensus estimate of $92.50 million. Republic Bancorp had a net margin of 24.53% and a return on equity of 12.23%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Quarry LP acquired a new stake in shares of Republic Bancorp during the 3rd quarter worth approximately $27,000. CWM LLC boosted its stake in Republic Bancorp by 68.0% in the second quarter. CWM LLC now owns 608 shares of the bank’s stock valued at $44,000 after acquiring an additional 246 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Republic Bancorp in the third quarter valued at approximately $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Republic Bancorp during the 3rd quarter worth $60,000. Finally, Russell Investments Group Ltd. raised its position in shares of Republic Bancorp by 2,561.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock valued at $60,000 after acquiring an additional 794 shares during the last quarter. Institutional investors own 24.37% of the company’s stock.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.