Republic Bancorp, Inc. KY (NASDAQ:RBCAA) has been given an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Brokers have set a 1 year consensus price target of $41.00 for the company, according to Zacks. Zacks has also given Republic Bancorp, Inc. KY an industry rank of 115 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently commented on RBCAA. ValuEngine downgraded Republic Bancorp, Inc. KY from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. BidaskClub downgraded Republic Bancorp, Inc. KY from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Finally, Zacks Investment Research downgraded Republic Bancorp, Inc. KY from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th.
Shares of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) opened at $39.40 on Thursday. The company has a market capitalization of $821.49, a price-to-earnings ratio of 15.89 and a beta of 0.51. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.21 and a quick ratio of 1.21. Republic Bancorp, Inc. KY has a 1 year low of $31.97 and a 1 year high of $44.04.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its quarterly earnings data on Friday, January 26th. The bank reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. The business had revenue of $60.83 million during the quarter. Republic Bancorp, Inc. KY had a return on equity of 8.29% and a net margin of 16.46%. analysts expect that Republic Bancorp, Inc. KY will post 3.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, March 16th will be given a $0.242 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.46%. This is an increase from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.22. Republic Bancorp, Inc. KY’s payout ratio is currently 40.37%.
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About Republic Bancorp, Inc. KY
Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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