Republic Bancorp Inc. (RBCAA) Sets New 52-Week High at $33.26
Republic Bancorp Inc. (NASDAQ:RBCAA)’s share price reached a new 52-week high on Thursday . The company traded as high as $33.26 and last traded at $31.78, with a volume of 19,712 shares traded. The stock had previously closed at $32.01.
Separately, Zacks Investment Research raised 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 firm has a 50-day moving average price of $30.75 and a 200-day moving average price of $27.66. The firm has a market capitalization of $670.09 million and a PE ratio of 17.20.
Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, July 22nd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. On average, equities research analysts forecast that Republic Bancorp Inc. will post $2.04 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, September 16th will be issued a $0.209 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.60%.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.