Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $68.50 and traded as high as $73.19. Republic Bancorp shares last traded at $72.56, with a volume of 24,561 shares trading hands.
Analyst Ratings Changes
RBCAA has been the subject of several research analyst reports. Hovde Group raised their target price 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 Republic Bancorp in a research note on Friday, June 27th. They set a "market perform" rating for the company. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $69.00.
Read Our Latest Analysis on RBCAA
Republic Bancorp Price Performance
The firm's fifty day moving average price is $71.99 and its 200 day moving average price is $68.61. The firm has a market capitalization of $1.41 billion, a PE ratio of 11.28 and a beta of 0.56. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35.
Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The bank reported $1.61 EPS for the quarter, beating the consensus estimate of $1.42 by $0.19. The business had revenue of $93.00 million for the quarter, compared to the consensus estimate of $93.50 million. Republic Bancorp had a net margin of 23.98% and a return on equity of 12.23%.
Republic Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, September 19th will be issued a dividend of $0.451 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.80 dividend on an annualized basis and a yield of 2.5%. Republic Bancorp's dividend payout ratio is 28.21%.
Insider Transactions at Republic Bancorp
In related news, EVP Christy Ames sold 700 shares of the stock in a transaction 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 directly owned 5,044 shares of the company's stock, valued at approximately $355,602. This represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 56.40% of the company's stock.
Hedge Funds Weigh In On Republic Bancorp
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in Republic Bancorp by 68.0% during the second quarter. CWM LLC now owns 608 shares of the bank's stock valued at $44,000 after purchasing an additional 246 shares in the last quarter. US Bancorp DE increased its position in Republic Bancorp by 294.7% during 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 last quarter. State of Wyoming increased its position in Republic Bancorp by 34.1% during the first quarter. State of Wyoming now owns 967 shares of the bank's stock worth $62,000 after purchasing an additional 246 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Republic Bancorp during the fourth quarter worth about $70,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Republic Bancorp by 206.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank's stock valued at $77,000 after acquiring an additional 742 shares during the last quarter. 24.37% of the stock is owned by hedge funds and other institutional investors.
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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