Wall Street Zen Downgrades Republic Bancorp (NASDAQ:RBCAA) to Sell

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

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

Republic Bancorp Price Performance

Shares of NASDAQ:RBCAA opened at $68.52 on Friday. The company has a market capitalization of $1.34 billion, a P/E ratio of 10.20 and a beta of 0.59. The company’s 50-day moving average is $71.09 and its 200 day moving average is $71.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.08. Republic Bancorp has a fifty-two week low of $56.79 and a fifty-two week high of $78.25.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings data 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 company had revenue of $94.27 million for the quarter, compared to analysts’ expectations of $92.50 million. Republic Bancorp had a return on equity of 12.27% and a net margin of 25.19%.

Hedge Funds Weigh In On Republic Bancorp

Several large investors have recently modified their holdings of RBCAA. Quarry LP bought a new stake in shares of Republic Bancorp in the third quarter valued at approximately $27,000. State of Alaska Department of Revenue bought a new position in Republic Bancorp in the 3rd quarter worth approximately $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Republic Bancorp in the 3rd quarter valued at approximately $60,000. Russell Investments Group Ltd. raised its holdings in 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 period. Finally, Quent Capital LLC bought a new stake in Republic Bancorp during the 3rd quarter valued at $73,000. Hedge funds and other 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.