Republic Bancorp (NASDAQ:RBCAA) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Republic Bancorp from a "sell" to a "hold" while Weiss Ratings reaffirmed a "buy (b)"; the stock's consensus rating on MarketBeat is now a Moderate Buy.
• Earnings beat: Republic Bancorp reported Q1 EPS of $2.04 versus $1.41 expected and revenue of $114.6M versus $96.6M, with a 11.45% return on equity and a 25.22% net margin.
• The shares opened at $73.39 (12‑month range $63.97–$78.25), have a market cap of $1.44 billion and a PE of 11.33, and institutional investors including AQR, Jane Street and Norges Bank have recently increased or initiated positions (institutions own 24.37%).

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Republic Bancorp in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Republic Bancorp currently has a consensus rating of "Moderate Buy".

Republic Bancorp Price Performance

Shares of RBCAA opened at $73.39 on Friday. Republic Bancorp has a 12-month low of $63.97 and a 12-month high of $78.25. The business has a 50-day simple moving average of $71.01 and a two-hundred day simple moving average of $70.33. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1.44 billion, a PE ratio of 11.33 and a beta of 0.55.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its earnings results on Thursday, April 23rd. The bank reported $2.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.63. Republic Bancorp had a return on equity of 11.45% and a net margin of 25.22%.The business had revenue of $114.57 million during the quarter, compared to analysts' expectations of $96.60 million.

Institutional Investors Weigh In On Republic Bancorp

A number of institutional investors have recently made changes to their positions in RBCAA. AQR Capital Management LLC grew its position in shares of Republic Bancorp by 199.8% in the 1st quarter. AQR Capital Management LLC now owns 11,649 shares of the bank's stock valued at $743,000 after buying an additional 7,764 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Republic Bancorp by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,945 shares of the bank's stock valued at $316,000 after buying an additional 234 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Republic Bancorp in the 1st quarter valued at about $716,000. Rhumbline Advisers grew its position in shares of Republic Bancorp by 3.9% in the 2nd quarter. Rhumbline Advisers now owns 14,120 shares of the bank's stock valued at $1,032,000 after buying an additional 527 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Republic Bancorp in the 2nd quarter valued at about $578,000. 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.

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