Republic Bancorp, Inc. (NASDAQ:RBCAA) Short Interest Up 36.4% in April

Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 94,400 shares, a growth of 36.4% from the March 31st total of 69,200 shares. Approximately 1.2% of the company's shares are short sold. Based on an average daily trading volume, of 28,600 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analysts Forecast Growth

Separately, Hovde Group increased their price objective on Republic Bancorp from $64.00 to $69.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th.

Republic Bancorp Stock Up 1.4 %

Shares of RBCAA stock traded up $0.97 on Friday, hitting $69.97. The stock had a trading volume of 19,453 shares, compared to its average volume of 21,028. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.36 billion, a PE ratio of 13.38 and a beta of 0.46. The business has a 50 day moving average price of $64.73 and a 200 day moving average price of $68.53. Republic Bancorp has a one year low of $48.67 and a one year high of $80.68.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.56. Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%. The business had revenue of $135.84 million for the quarter, compared to analysts' expectations of $126.90 million.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Republic Bancorp by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 514,866 shares of the bank's stock worth $35,974,000 after purchasing an additional 19,756 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Republic Bancorp by 14.0% during the fourth quarter. American Century Companies Inc. now owns 186,117 shares of the bank's stock worth $13,004,000 after buying an additional 22,818 shares during the period. Bridgeway Capital Management LLC lifted its stake in shares of Republic Bancorp by 2.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 114,292 shares of the bank's stock worth $7,986,000 after buying an additional 3,105 shares during the period. Northern Trust Corp grew its holdings in shares of Republic Bancorp by 4.3% during the fourth quarter. Northern Trust Corp now owns 85,367 shares of the bank's stock valued at $5,965,000 after buying an additional 3,512 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Republic Bancorp by 2.7% in the 4th quarter. Bank of New York Mellon Corp now owns 72,883 shares of the bank's stock valued at $5,092,000 after acquiring an additional 1,932 shares during the period. Institutional investors own 24.37% of the company's stock.

Republic Bancorp Company Profile

Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.

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