Republic Bancorp Inc. (RBCAA) Sets New 52-Week High at $30.00
Republic Bancorp Inc. (NASDAQ:RBCAA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $30.00 and last traded at $29.98, with a volume of 14,890 shares changing hands. The stock had previously closed at $29.97.
RBCAA has been the subject of a number of research reports. Zacks Investment Research cut shares of Republic Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Hilliard Lyons cut shares of Republic Bancorp from a “buy” rating to a “neutral” rating in a research report on Thursday, April 28th.
Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, September 16th will be paid a dividend of $0.209 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.79%.
A hedge fund recently raised its stake in Republic Bancorp stock. Dimensional Fund Advisors LP boosted its position in shares of Republic Bancorp Inc. (NASDAQ:RBCAA) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 688,072 shares of the company’s stock after buying an additional 14,093 shares during the period. Dimensional Fund Advisors LP owned 3.29% of Republic Bancorp worth $18,172,000 at the end of the most recent 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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