Republic Bancorp Inc. (RBCAA) Sets New 52-Week High at $33.26
Republic Bancorp Inc. (NASDAQ:RBCAA)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $33.26 and last traded at $31.78, with a volume of 19,712 shares trading hands. The stock had previously closed at $32.01.
Separately, 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 company has a market capitalization of $667.38 million and a price-to-earnings ratio of 17.13. The company’s 50-day moving average is $30.64 and its 200 day moving average is $27.59.
Republic Bancorp (NASDAQ:RBCAA) last posted its earnings results on Friday, July 22nd. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. On average, analysts expect that Republic Bancorp Inc. will post $2.04 earnings per share for the current year.
The firm also recently announced 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 of this dividend is Wednesday, September 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.61%.
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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