Republic Bancorp Inc. (RBCAA) Hits New 12-Month High at $29.77
Republic Bancorp Inc. (NASDAQ:RBCAA) shares reached a new 52-week high during trading on Thursday . The company traded as high as $29.77 and last traded at $29.72, with a volume of 11,301 shares traded. The stock had previously closed at $29.12.
A number of research analysts have recently commented on the stock. Hilliard Lyons cut shares of Republic Bancorp from a “buy” rating to a “neutral” rating in a research report on Thursday, April 28th. Zacks Investment Research cut shares of Republic Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 6th.
The company has a market cap of $623.57 million and a PE ratio of 15.99. The stock’s 50 day moving average is $27.65 and its 200-day moving average is $26.31.
Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Thursday, April 21st. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.12. Equities analysts predict that Republic Bancorp Inc. will post $1.84 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, June 17th were issued a $0.209 dividend. The ex-dividend date was Wednesday, June 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.80%. This is an increase from Republic Bancorp’s previous quarterly dividend of $0.20.
An institutional investor recently raised its position in Republic Bancorp stock. Seizert Capital Partners LLC boosted its position in Republic Bancorp Inc. (NASDAQ:RBCAA) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,395 shares of the company’s stock after buying an additional 10,103 shares during the period. Seizert Capital Partners LLC owned approximately 0.89% of Republic Bancorp worth $4,896,000 at the end of the most recent reporting period.
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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