Republic Bancorp (NASDAQ:RBCAA) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Republic Bancorp's stock crossed above its 200-day moving average (200‑day MA $70.56), trading as high as $77.64 and last at $76.97 on volume of 76,385 shares.
• The company posted a strong quarter with EPS of $2.04 versus $1.41 expected and revenue of $114.6M (vs. $96.6M), yielding a 25.22% net margin and 11.45% ROE.
• Analyst sentiment is mixed-to-positive—Weiss Ratings reaffirmed a Buy, Wall Street Zen upgraded to Hold, and MarketBeat shows an average rating of Moderate Buy; market cap is about $1.51B with a P/E of 11.88.

Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $70.56 and traded as high as $77.64. Republic Bancorp shares last traded at $76.97, with a volume of 76,385 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RBCAA. Wall Street Zen upgraded Republic Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, April 25th. Weiss Ratings reissued a "buy (b)" rating on shares of Republic Bancorp in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Republic Bancorp currently has an average rating of "Moderate Buy".

Republic Bancorp Trading Up 0.6%

The stock has a market capitalization of $1.51 billion, a P/E ratio of 11.88 and a beta of 0.57. The stock's fifty day moving average price is $71.52 and its 200 day moving average price is $70.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.08 and a quick ratio of 1.05.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.63. The company had revenue of $114.57 million during the quarter, compared to analyst estimates of $96.60 million. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.45%.

Institutional Trading of Republic Bancorp

Large investors have recently modified their holdings of the company. Quarry LP purchased a new position in Republic Bancorp during the 3rd quarter worth $27,000. State of Alaska Department of Revenue bought a new stake in Republic Bancorp during the 3rd quarter valued at $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Republic Bancorp in the 3rd quarter worth $60,000. Russell Investments Group Ltd. lifted its holdings in shares of Republic Bancorp by 2,561.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 825 shares of the bank's stock worth $60,000 after buying an additional 794 shares during the period. Finally, Quent Capital LLC bought a new position in shares of Republic Bancorp during the 3rd quarter worth $73,000. Hedge funds and other institutional investors own 24.37% of the company's stock.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp's branch network spans key markets in the U.S.

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