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NEW YORK (

TheStreet

) -- Shares of

Republic Bancorp

(Nasdaq:

RBCAA

) were gapping up Tuesday morning with an open price 16.3% higher than Monday's closing price. The stock closed at $16 Monday and opened today's trading at $18.60.

The average volume for Republic has been 46,000 shares per day over the past 30 days. Republic has a market cap of $322.5 million and is part of the

financial

sector and

banking

industry. Shares are down 32.6% year to date as of the close of trading on Monday.

Republic Bancorp, Inc. operates as the holding company for Republic Bank & Trust Company and Republic Bank, which provides banking, tax refund solutions, and mortgage banking services to individuals and businesses in the United States. The company has a P/E ratio of 3.9, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Republic as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Republic Ratings Report

.

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