Republic Bancorp (NASDAQ:RBCAA) Sees Unusually-High Trading Volume - What's Next?

Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 33,309 shares were traded during trading, an increase of 60% from the previous session's volume of 20,767 shares.The stock last traded at $65.69 and had previously closed at $64.09.

Analyst Ratings Changes

Separately, Hovde Group upped 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.

Republic Bancorp Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. The firm has a fifty day simple moving average of $64.49 and a 200 day simple moving average of $68.42. The company has a market capitalization of $1.31 billion, a PE ratio of 12.81 and a beta of 0.46.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $2.42 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 firm had revenue of $135.84 million for the quarter, compared to analyst estimates of $126.90 million.

Insider Activity

In other news, EVP John T. Rippy sold 3,082 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $65.99, for a total value of $203,381.18. Following the completion of the transaction, the executive vice president now directly owns 23,105 shares of the company's stock, valued at approximately $1,524,698.95. The trade was a 11.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David P. Feaster sold 1,406 shares of the firm's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total value of $93,386.52. Following the sale, the director now directly owns 4,303 shares in the company, valued at approximately $285,805.26. The trade was a 24.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 56.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System boosted its stake in Republic Bancorp by 659.0% in the fourth quarter. New York State Teachers Retirement System now owns 759 shares of the bank's stock valued at $53,000 after acquiring an additional 659 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. Tower Research Capital LLC TRC boosted its position in shares of Republic Bancorp by 206.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank's stock worth $77,000 after purchasing an additional 742 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Republic Bancorp in the 1st quarter worth $128,000. Finally, Sei Investments Co. purchased a new position in Republic Bancorp during the 4th quarter worth $208,000. Hedge funds and other 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.