Republic Bancorp, Inc. KY (NASDAQ:RBCAA) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Separately, Hovde Group reaffirmed a “market perform” rating and set a $41.00 price objective on shares of Republic Bancorp, Inc. KY in a research note on Tuesday, January 29th.

Republic Bancorp, Inc. KY stock opened at $40.30 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $841.95 million, a price-to-earnings ratio of 11.72 and a beta of 0.55. Republic Bancorp, Inc. KY has a fifty-two week low of $35.17 and a fifty-two week high of $50.70.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last posted its quarterly earnings data on Friday, January 25th. The bank reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.18. The business had revenue of $64.40 million for the quarter. Republic Bancorp, Inc. KY had a return on equity of 10.72% and a net margin of 24.34%.

A number of large investors have recently modified their holdings of RBCAA. First Trust Advisors LP boosted its stake in Republic Bancorp, Inc. KY by 16.7% in the 3rd quarter. First Trust Advisors LP now owns 42,621 shares of the bank’s stock worth $1,965,000 after buying an additional 6,096 shares during the last quarter. SG Americas Securities LLC boosted its stake in Republic Bancorp, Inc. KY by 83.5% in the 3rd 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 during the last quarter. Bank of New York Mellon Corp boosted its stake in Republic Bancorp, Inc. KY by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 85,654 shares of the bank’s stock worth $3,948,000 after buying an additional 2,764 shares during the last quarter. Martingale Asset Management L P boosted its stake in Republic Bancorp, Inc. KY by 3.7% in the 3rd quarter. Martingale Asset Management L P now owns 59,116 shares of the bank’s stock worth $2,726,000 after buying an additional 2,097 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Republic Bancorp, Inc. KY by 1.9% in the 3rd quarter. BlackRock Inc. now owns 935,326 shares of the bank’s stock worth $43,120,000 after buying an additional 17,251 shares during the last quarter. 25.60% of the stock is currently owned by hedge funds and other institutional investors.

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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