Republic Bancorp (NASDAQ:RBCAA) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Republic Bancorp shares rose above their 200-day moving average, trading as high as $95.35 and closing near $94.44, compared with a 200-day average of $81.06.
• The bank exceeded quarterly expectations, reporting $1.68 in earnings per share versus the $1.55 consensus and revenue of $101.27 million versus $97.60 million expected.
• Analyst sentiment remains cautious, with an overall “Hold” rating and a $98 average price target. The company also announced a quarterly dividend of $0.495 per share, representing a 2.1% yield.

Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $81.06 and traded as high as $95.35. Republic Bancorp shares last traded at $94.44, with a volume of 113,503 shares traded.

Analysts Set New Price Targets

Several analysts recently commented on RBCAA shares. Weiss Ratings reissued a "buy (b)" rating on shares of Republic Bancorp in a research note on Tuesday, June 9th. Zacks Research upgraded shares of Republic Bancorp to a "hold" rating in a research report on Monday, July 13th. Finally, Hovde Group lifted their price target on shares of Republic Bancorp from $80.00 to $98.00 and gave the stock a "market perform" rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $98.00.

Republic Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.02 and a quick ratio of 1.01. The firm has a market capitalization of $1.85 billion, a PE ratio of 14.42 and a beta of 0.55. The firm has a fifty day moving average price of $92.99 and a 200 day moving average price of $81.06.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The bank reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.13. Republic Bancorp had a return on equity of 11.20% and a net margin of 25.38%.The firm had revenue of $101.27 million for the quarter, compared to analysts' expectations of $97.60 million. Research analysts anticipate that Republic Bancorp, Inc. will post 6.65 earnings per share for the current fiscal year.

Republic Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, September 18th will be given a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, September 18th. Republic Bancorp's dividend payout ratio (DPR) is 30.23%.

Insider Buying and Selling at Republic Bancorp

In other news, EVP Anthony T. Powell sold 3,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $83.54, for a total value of $250,620.00. Following the completion of the sale, the executive vice president owned 24,691 shares in the company, valued at $2,062,686.14. This represents a 10.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christy Ames sold 340 shares of the firm's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total value of $29,886.00. Following the completion of the sale, the executive vice president directly owned 6,145 shares of the company's stock, valued at approximately $540,145.50. This trade represents a 5.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 55.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Republic Bancorp

A number of institutional investors have recently bought and sold shares of RBCAA. Y Intercept Hong Kong Ltd acquired a new stake in shares of Republic Bancorp during the 1st quarter valued at $956,000. Fifth Third Bancorp acquired a new position in shares of Republic Bancorp in the first quarter worth $384,000. Renaissance Technologies LLC increased its stake in shares of Republic Bancorp by 27.2% in the first quarter. Renaissance Technologies LLC now owns 46,300 shares of the bank's stock worth $3,266,000 after acquiring an additional 9,900 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Republic Bancorp by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 928,367 shares of the bank's stock worth $65,496,000 after acquiring an additional 5,656 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Republic Bancorp by 6.1% during the first quarter. Empowered Funds LLC now owns 78,246 shares of the bank's stock worth $5,520,000 after acquiring an additional 4,511 shares in the last quarter. 24.37% of the stock is currently owned by institutional investors and hedge funds.

Republic Bancorp Company Profile

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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