Republic Bancorp (NASDAQ:RBCAA) Sets New 1-Year High – What’s Next?

Republic Bancorp, Inc. (NASDAQ:RBCAA)’s stock price hit a new 52-week high on Thursday . The company traded as high as $88.54 and last traded at $87.73, with a volume of 75775 shares traded. The stock had previously closed at $86.17.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Republic Bancorp presently has an average rating of “Moderate Buy”.

Republic Bancorp Trading Up 1.8%

The business’s 50 day moving average price is $76.95 and its two-hundred day moving average price is $72.83. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.54 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.06.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.63. The company had revenue of $114.57 million during the quarter, compared to analyst estimates of $96.60 million. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.32%.

Republic Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, June 18th will be paid a dividend of $0.495 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.98 annualized dividend and a yield of 2.3%. Republic Bancorp’s dividend payout ratio is currently 30.56%.

Institutional Trading of Republic Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vestor Capital LLC lifted its stake in Republic Bancorp by 164.4% during the first quarter. Vestor Capital LLC now owns 5,594 shares of the bank’s stock valued at $395,000 after purchasing an additional 3,478 shares during the last quarter. Bank of America Corp DE lifted its stake in Republic Bancorp by 29.9% during the first quarter. Bank of America Corp DE now owns 16,035 shares of the bank’s stock valued at $1,131,000 after purchasing an additional 3,687 shares during the last quarter. Royal Bank of Canada lifted its stake in Republic Bancorp by 46.2% during the first quarter. Royal Bank of Canada now owns 3,401 shares of the bank’s stock valued at $239,000 after purchasing an additional 1,074 shares during the last quarter. Empowered Funds LLC lifted its stake in Republic Bancorp by 6.1% during the first quarter. Empowered Funds LLC now owns 78,246 shares of the bank’s stock valued at $5,520,000 after purchasing an additional 4,511 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Republic Bancorp by 44.3% during the first quarter. Quantinno Capital Management LP now owns 13,579 shares of the bank’s stock valued at $958,000 after purchasing an additional 4,167 shares during the last quarter. 24.37% of the stock is owned by institutional investors and hedge funds.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle?market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.