Republic Bancorp (NASDAQ:RBCAA) Stock Crosses Above Two Hundred Day Moving Average of $51.00

Republic Bancorp, Inc. (NASDAQ:RBCAA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $51.00 and traded as high as $51.02. Republic Bancorp shares last traded at $48.71, with a volume of 72,227 shares changing hands.

Wall Street Analyst Weigh In

Separately, Hovde Group assumed coverage on Republic Bancorp in a research note on Monday, March 4th. They set an “outperform” rating for the company.

Republic Bancorp Trading Down 4.3 %

The company has a 50 day simple moving average of $51.29 and a 200 day simple moving average of $51.02. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.32 billion, a PE ratio of 10.23 and a beta of 0.56.

Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Thursday, April 25th. The bank reported $1.58 earnings per share (EPS) for the quarter. Republic Bancorp had a return on equity of 10.10% and a net margin of 20.27%. The company had revenue of $120.29 million for the quarter.

Republic Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 21st will be given a dividend of $0.407 per share. This represents a $1.63 annualized dividend and a yield of 3.34%. The ex-dividend date is Friday, June 21st. Republic Bancorp’s payout ratio is 34.24%.

Hedge Funds Weigh In On Republic Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of Republic Bancorp by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 927,375 shares of the bank’s stock worth $51,155,000 after acquiring an additional 15,040 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Republic Bancorp in the 4th quarter worth approximately $547,000. Assenagon Asset Management S.A. acquired a new stake in Republic Bancorp during the 4th quarter valued at $413,000. Barlow Wealth Partners Inc. acquired a new stake in Republic Bancorp during the 4th quarter valued at $298,000. Finally, Vanguard Group Inc. grew its holdings in Republic Bancorp by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 487,758 shares of the bank’s stock valued at $21,486,000 after buying an additional 5,351 shares during the last quarter. Institutional investors and hedge funds own 24.37% of the company’s stock.

Republic Bancorp Company Profile

Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.