Republic Bancorp, Inc. KY (RBCAA) Cut to “Sell” at BidaskClub

BidaskClub downgraded shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

RBCAA opened at $41.82 on Wednesday. The company has a market cap of $844.90 million, a P/E ratio of 12.87 and a beta of 0.41. Republic Bancorp, Inc. KY has a 1 year low of $34.24 and a 1 year high of $50.70. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.20 and a quick ratio of 1.20.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last posted its earnings results on Friday, October 19th. The bank reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $64.50 million during the quarter. Republic Bancorp, Inc. KY had a net margin of 20.86% and a return on equity of 10.02%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, December 21st will be given a $0.242 dividend. This represents a $0.97 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, December 20th.

Large investors have recently modified their holdings of the business. Valeo Financial Advisors LLC grew its position in shares of Republic Bancorp, Inc. KY by 312.6% during the second quarter. Valeo Financial Advisors LLC now owns 2,063 shares of the bank’s stock worth $101,000 after buying an additional 1,563 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Republic Bancorp, Inc. KY by 283.0% during the third quarter. Acadian Asset Management LLC now owns 2,206 shares of the bank’s stock worth $102,000 after buying an additional 1,630 shares in the last quarter. Ramsey Quantitative Systems grew its position in shares of Republic Bancorp, Inc. KY by 69.7% during the third quarter. Ramsey Quantitative Systems now owns 2,906 shares of the bank’s stock worth $134,000 after buying an additional 1,194 shares in the last quarter. Legal & General Group Plc grew its position in shares of Republic Bancorp, Inc. KY by 145.9% during the third quarter. Legal & General Group Plc now owns 3,371 shares of the bank’s stock worth $155,000 after buying an additional 2,000 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Republic Bancorp, Inc. KY by 83.5% during the third quarter. SG Americas Securities LLC now owns 4,841 shares of the bank’s stock worth $223,000 after buying an additional 2,203 shares in the last quarter. 25.87% of the stock is owned by institutional investors.

Republic Bancorp, Inc. KY Company Profile

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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