Republic Bancorp Inc. (RBCAA) Hits New 1-Year High at $29.77
Republic Bancorp Inc. (NASDAQ:RBCAA)’s share price hit a new 52-week high on Thursday . The company traded as high as $29.77 and last traded at $29.72, with a volume of 11,301 shares changing hands. The stock had previously closed at $29.12.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Republic Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 6th. Hilliard Lyons downgraded Republic Bancorp from a “buy” rating to a “neutral” rating in a report on Thursday, April 28th.
The stock has a market cap of $611.02 million and a PE ratio of 15.66. The company has a 50-day moving average price of $27.59 and a 200-day moving average price of $26.28.
Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings results on Thursday, April 21st. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.12. Analysts expect that Republic Bancorp Inc. will post $1.84 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, June 17th will be issued a dividend of $0.209 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, June 15th. This is a boost 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 increased its position in Republic Bancorp Inc. (NASDAQ:RBCAA) by 5.8% during the fourth quarter, according to its most recent filing with the SEC. 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 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.