Republic Bancorp Inc. (RBCAA) Hits New 52-Week High at $30.00
Republic Bancorp Inc. (NASDAQ:RBCAA) reached a new 52-week high on Wednesday . The company traded as high as $30.00 and last traded at $30.00, with a volume of 10,884 shares changing hands. The stock had previously closed at $29.87.
Several brokerages have recently issued reports on RBCAA. Zacks Investment Research downgraded Republic Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Hilliard Lyons downgraded Republic Bancorp from a “buy” rating to a “neutral” rating in a research note on Thursday, April 28th.
The company has a 50-day moving average of $27.83 and a 200-day moving average of $26.39. The company has a market capitalization of $625.87 million and a P/E ratio of 16.05.
Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Thursday, April 21st. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.12. Equities research analysts expect that Republic Bancorp Inc. will post $1.84 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, June 17th were issued a $0.209 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Wednesday, June 15th. This is a boost from Republic Bancorp’s previous quarterly dividend of $0.20.
A hedge fund recently raised its stake in Republic Bancorp stock. Seizert Capital Partners LLC raised its stake in shares of 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 (SEC). The fund owned 185,395 shares of the company’s stock after buying an additional 10,103 shares during the period. Seizert Capital Partners LLC owned 0.89% of Republic Bancorp worth $4,896,000 as of its most recent SEC filing.
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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