Republic Bancorp Inc. (RBCAA) Reaches New 12-Month High at $28.48
Republic Bancorp Inc. (NASDAQ:RBCAA) shares reached a new 52-week high on Friday . The stock traded as high as $28.48 and last traded at $28.44, with a volume of 18,839 shares traded. The stock had previously closed at $27.55.
Several research firms recently weighed in on RBCAA. Hilliard Lyons downgraded shares of Republic Bancorp from a “buy” rating to a “neutral” rating in a research report on Thursday, April 28th. Zacks Investment Research downgraded shares of Republic Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 6th.
The stock’s 50 day moving average is $27.44 and its 200 day moving average is $26.19. The firm has a market capitalization of $594.51 million and a P/E ratio of 15.24.
Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Thursday, April 21st. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.12. Equities analysts expect that Republic Bancorp Inc. will post $1.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, June 17th will be issued a $0.209 dividend. This is an increase from Republic Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Wednesday, June 15th.
Several hedge funds have recently modified their holdings of RBCAA. Numeric Investors LLC increased its stake in shares of Republic Bancorp by 20.8% in the fourth quarter. Numeric Investors LLC now owns 77,533 shares of the company’s stock valued at $2,048,000 after buying an additional 13,334 shares during the last quarter. Seizert Capital Partners LLC increased its stake in shares of Republic Bancorp by 5.8% in the fourth quarter. Seizert Capital Partners LLC now owns 185,395 shares of the company’s stock valued at $4,896,000 after buying an additional 10,103 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Republic Bancorp by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 688,072 shares of the company’s stock valued at $18,172,000 after buying an additional 14,093 shares during the last quarter.
Republic Bancorp, Inc (Republic) is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. It operates in four segments: Traditional Banking, which provides traditional banking products primarily to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the Nation; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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