For its second fiscal quarter (ending June 30), Republic Bancorp Inc (NASDAQ: RBCAA) has reported a 21% increase in E.P.S. from $1.06 a year ago to $1.28 in the current quarter. However, this performance was $-0.05 short of the consensus estimate of $1.33. E.P.S. were $4.93 for the latest four quarters through June 30 versus $4.40 for the same period a year ago — an increase of 12%.
Recent Price Action
On 7/19/24, Republic Bancorp Inc (NASDAQ: RBCAA) stock declined slightly by -1.0%, closing at $61.50. Moreover, this decline was accompanied by above average trading volume at 138% of normal. The stock has performed in line with the market over the last nine months and has risen 9.1% during the last week.
Current PriceTarget Research Rating
RBCAA is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Republic Bancorp has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Republic Bancorp has a slightly positive Appreciation Score of 69 and a neutral Power Rating of 48, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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