Republic Bancorp Inc. (RBCAA) Reaches New 1-Year High at $31.92
Republic Bancorp Inc. (NASDAQ:RBCAA) hit a new 52-week high on Tuesday . The company traded as high as $31.92 and last traded at $31.74, with a volume of 12,088 shares changing hands. The stock had previously closed at $31.02.
A number of analysts have commented on RBCAA shares. Hilliard Lyons lowered shares of Republic Bancorp from a “buy” rating to a “neutral” rating in a research note on Thursday, April 28th. Zacks Investment Research raised shares of Republic Bancorp from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, August 16th.
The stock has a market capitalization of $661.12 million and a P/E ratio of 16.97. The company’s 50 day moving average price is $30.10 and its 200-day moving average price is $27.37.
Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, July 22nd. The company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. On average, equities research analysts predict that Republic Bancorp Inc. will post $2.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, September 16th will be issued a dividend of $0.209 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.64%.
An institutional investor recently raised its position in Republic Bancorp stock. Schwab Charles Investment Management Inc. raised its position in Republic Bancorp Inc. (NASDAQ:RBCAA) by 69.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,023 shares of the company’s stock after buying an additional 29,068 shares during the period. Schwab Charles Investment Management Inc. owned 0.34% of Republic Bancorp worth $1,876,000 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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