Republic Bancorp (NASDAQ:RBCAA – Free Report) had its target price hoisted by Hovde Group from $68.00 to $78.00 in a research report released on Friday morning, MarketBeat Ratings reports. They currently have an outperform rating on the bank’s stock.
Republic Bancorp Stock Up 2.0 %
RBCAA opened at $69.10 on Friday. The company has a market cap of $1.87 billion, a P/E ratio of 14.52 and a beta of 0.52. The business’s 50-day moving average price is $63.12 and its 200-day moving average price is $57.05. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. Republic Bancorp has a 12 month low of $42.51 and a 12 month high of $70.00.
Republic Bancorp (NASDAQ:RBCAA – Get Free Report) last announced its quarterly earnings results on Friday, July 19th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%. The business had revenue of $116.05 million for the quarter.
Insider Activity
Institutional Investors Weigh In On Republic Bancorp
A number of large investors have recently added to or reduced their stakes in RBCAA. Innealta Capital LLC bought a new stake in shares of Republic Bancorp during the 2nd quarter valued at $67,000. Acadian Asset Management LLC bought a new stake in shares of Republic Bancorp during the 2nd quarter valued at $87,000. Independence Bank of Kentucky grew its position in shares of Republic Bancorp by 4,133.3% during the 2nd quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock valued at $170,000 after acquiring an additional 3,100 shares during the period. SG Americas Securities LLC bought a new stake in shares of Republic Bancorp during the 3rd quarter valued at $205,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Republic Bancorp during the 3rd quarter valued at $208,000. Institutional investors own 24.37% of the company’s stock.
About Republic Bancorp
Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.
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