Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) saw an uptick in trading volume on Thursday . 56,208 shares traded hands during mid-day trading, an increase of 152% from the previous session's volume of 22,291 shares.The stock last traded at $70.66 and had previously closed at $71.21.
Analyst Upgrades and Downgrades
Separately, Hovde Group upped their price objective on shares of Republic Bancorp from $64.00 to $69.00 and gave the stock a "market perform" rating in a research report on Friday, April 25th.
View Our Latest Stock Report on Republic Bancorp
Republic Bancorp Stock Down 1.4%
The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock's 50-day simple moving average is $68.26 and its 200-day simple moving average is $68.30. The firm has a market capitalization of $1.36 billion, a P/E ratio of 13.32 and a beta of 0.51.
Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.56. Republic Bancorp had a net margin of 20.05% and a return on equity of 10.60%. The business had revenue of $135.84 million during the quarter, compared to the consensus estimate of $126.90 million.
Republic Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Friday, June 20th will be paid a $0.451 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Friday, June 20th. Republic Bancorp's payout ratio is 29.65%.
Insider Buying and Selling at Republic Bancorp
In related news, EVP Christy Ames sold 700 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $70.50, for a total transaction of $49,350.00. Following the sale, the executive vice president now directly owns 5,044 shares in the company, valued at approximately $355,602. This represents a 12.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 56.40% of the company's stock.
Institutional Investors Weigh In On Republic Bancorp
A number of institutional investors and hedge funds have recently made changes to their positions in RBCAA. US Bancorp DE raised its position in shares of Republic Bancorp by 294.7% during the 1st quarter. US Bancorp DE now owns 750 shares of the bank's stock valued at $48,000 after buying an additional 560 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Republic Bancorp by 659.0% during the 4th quarter. New York State Teachers Retirement System now owns 759 shares of the bank's stock valued at $53,000 after buying an additional 659 shares in the last quarter. State of Wyoming raised its position in shares of Republic Bancorp by 34.1% during the 1st quarter. State of Wyoming now owns 967 shares of the bank's stock valued at $62,000 after buying an additional 246 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Republic Bancorp during the 4th quarter valued at $70,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Republic Bancorp by 206.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank's stock valued at $77,000 after buying an additional 742 shares in the last quarter. Hedge funds and other institutional investors own 24.37% of the company's stock.
About Republic Bancorp
(
Get Free Report)
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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