Republic Bancorp Inc. (RBCAA) Hits New 1-Year High at $28.48
Shares of Republic Bancorp Inc. (NASDAQ:RBCAA) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $28.48 and last traded at $28.44, with a volume of 18,839 shares. The stock had previously closed at $27.55.
A number of analysts have recently issued reports on the company. Hilliard Lyons cut Republic Bancorp from a “buy” rating to a “neutral” rating in a report on Thursday, April 28th. Zacks Investment Research cut Republic Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 6th.
The firm has a 50-day moving average price of $27.44 and a 200-day moving average price of $26.19. The company has a market capitalization of $594.51 million and a PE ratio of 15.24.
Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Thursday, April 21st. The company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.12. On average, equities analysts forecast that Republic Bancorp Inc. will post $1.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, June 17th will be given a $0.209 dividend. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, June 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.94%.
Other large investors have made changes to their positions in the company. 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 in 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 in the last quarter. Finally, 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 in 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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