Republic Bancorp (NASDAQ:RBCAA) Upgraded to “Hold” at StockNews.com

Republic Bancorp (NASDAQ:RBCAA – Get Rating) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Republic Bancorp Stock Up 1.1 %

Shares of NASDAQ RBCAA opened at $42.13 on Thursday. The stock has a market cap of $832.07 million, a P/E ratio of 9.26 and a beta of 0.61. The business’s fifty day simple moving average is $40.29 and its 200-day simple moving average is $42.29. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. Republic Bancorp has a 12-month low of $37.23 and a 12-month high of $50.16.

Institutional Investors Weigh In On Republic Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Swiss National Bank raised its position in shares of Republic Bancorp by 6.3% during the 1st quarter. Swiss National Bank now owns 23,500 shares of the bank’s stock worth $1,056,000 after purchasing an additional 1,400 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Republic Bancorp by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 80,123 shares of the bank’s stock worth $3,601,000 after purchasing an additional 1,795 shares during the last quarter. American Century Companies Inc. raised its position in shares of Republic Bancorp by 26.6% during the 1st quarter. American Century Companies Inc. now owns 51,992 shares of the bank’s stock worth $2,337,000 after purchasing an additional 10,915 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Republic Bancorp by 49.7% during the 1st quarter. MetLife Investment Management LLC now owns 4,602 shares of the bank’s stock worth $207,000 after purchasing an additional 1,527 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Republic Bancorp by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 827,046 shares of the bank’s stock worth $37,168,000 after purchasing an additional 4,892 shares during the last quarter. 23.83% of the stock is currently owned by institutional investors and hedge funds.

About Republic Bancorp

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Republic Bancorp, Incis a financial holding company. Its services include personal, business, mortgages, lending, treasury management, and private banking. It operates through the following business segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions.