Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) shares saw an uptick in trading volume on Friday . 32,987 shares were traded during mid-day trading, an increase of 14% from the previous session's volume of 28,883 shares.The stock last traded at $74.71 and had previously closed at $75.32.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Hovde Group upped their price target on shares of Republic Bancorp from $64.00 to $69.00 and gave the company a "market perform" rating in a research note on Friday, April 25th. Raymond James Financial initiated coverage on shares of Republic Bancorp in a report on Friday, June 27th. They set a "market perform" rating on the stock.
View Our Latest Stock Report on Republic Bancorp
Republic Bancorp Stock Down 1.5%
The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 12.22 and a beta of 0.52. The business's 50 day moving average is $71.62 and its 200-day moving average is $67.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.10.
Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its quarterly earnings results 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. Republic Bancorp had a net margin of 22.94% and a return on equity of 11.92%. The firm had revenue of $135.84 million for the quarter, compared to analyst estimates of $126.90 million.
Republic Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.451 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, June 20th. Republic Bancorp's payout ratio is 29.65%.
Insider Buying and Selling at Republic Bancorp
In other news, EVP Christy Ames sold 700 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $70.50, for a total transaction of $49,350.00. Following the transaction, the executive vice president directly owned 5,044 shares in the company, valued at $355,602. The trade was a 12.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 56.40% of the company's stock.
Institutional Investors Weigh In On Republic Bancorp
Several hedge funds and other institutional investors have recently bought and sold shares of RBCAA. Bessemer Group Inc. purchased a new stake in Republic Bancorp in the first quarter valued at $128,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Republic Bancorp by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,711 shares of the bank's stock worth $329,000 after purchasing an additional 164 shares during the last quarter. GAMMA Investing LLC raised its holdings in Republic Bancorp by 15,400.0% in the 1st quarter. GAMMA Investing LLC now owns 5,425 shares of the bank's stock valued at $346,000 after buying an additional 5,390 shares during the period. Deutsche Bank AG lifted its position in Republic Bancorp by 14.4% in the fourth quarter. Deutsche Bank AG now owns 4,676 shares of the bank's stock valued at $327,000 after buying an additional 588 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Republic Bancorp by 11.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,484 shares of the bank's stock worth $872,000 after buying an additional 1,309 shares during the period. 24.37% of the stock is currently owned by institutional investors and hedge funds.
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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