Republic Bancorp Inc. (RBCAA) Hits New 12-Month High at $31.92
Shares of Republic Bancorp Inc. (NASDAQ:RBCAA) reached a new 52-week high on Tuesday . The stock traded as high as $31.92 and last traded at $31.74, with a volume of 12,088 shares traded. The stock had previously closed at $31.02.
Several analysts have weighed in on RBCAA shares. Hilliard Lyons downgraded 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 target for the company in a research note on Tuesday, August 16th.
The firm has a 50 day moving average of $29.93 and a 200-day moving average of $27.30. The firm has a market capitalization of $659.87 million and a price-to-earnings ratio of 16.94.
Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, July 22nd. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. On average, analysts anticipate that Republic Bancorp Inc. will post $2.04 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, September 16th will be paid a $0.209 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.64%.
A hedge fund recently raised its stake in Republic Bancorp stock. Schwab Charles Investment Management Inc. increased its stake in shares of Republic Bancorp Inc. (NASDAQ:RBCAA) by 69.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 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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