Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) saw an uptick in trading volume on Monday . 20,960 shares changed hands during mid-day trading, a decline of 23% from the previous session's volume of 27,194 shares.The stock last traded at $73.33 and had previously closed at $72.83.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Raymond James Financial began coverage on shares of Republic Bancorp in a report on Friday, June 27th. They set a "market perform" rating on the stock. Hovde Group boosted their target price on shares of Republic Bancorp from $64.00 to $69.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th.
Check Out Our Latest Analysis on Republic Bancorp
Republic Bancorp Stock Up 1.9%
The firm has a 50-day simple moving average of $70.56 and a 200 day simple moving average of $67.78. The stock has a market capitalization of $1.51 billion, a P/E ratio of 12.78 and a beta of 0.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 1.09.
Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.56. The business had revenue of $135.84 million during the quarter, compared to the consensus estimate of $126.90 million. Republic Bancorp had a return on equity of 11.92% and a net margin of 22.94%.
Republic Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Friday, June 20th will be given a dividend of $0.451 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.33%. Republic Bancorp's dividend payout ratio (DPR) is 29.65%.
Insider Buying and Selling
In other Republic Bancorp news, EVP Christy Ames sold 700 shares of the 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 completion of the sale, the executive vice president owned 5,044 shares of the company's stock, valued at approximately $355,602. This represents a 12.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 56.40% of the stock is owned by insiders.
Institutional Investors Weigh In On Republic Bancorp
Institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE grew its holdings in Republic Bancorp by 294.7% in the first quarter. US Bancorp DE now owns 750 shares of the bank's stock worth $48,000 after purchasing an additional 560 shares during the period. State of Wyoming grew its stake in shares of Republic Bancorp by 34.1% in 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 during the period. Public Employees Retirement System of Ohio bought a new stake in Republic Bancorp in the 4th quarter valued at about $70,000. Tower Research Capital LLC TRC increased its position in Republic Bancorp by 206.7% in 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. Finally, Bessemer Group Inc. acquired a new position in Republic Bancorp during the 1st quarter worth approximately $128,000. Institutional investors own 24.37% of the company's stock.
Republic Bancorp Company Profile
(
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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