Republic Bancorp (NASDAQ:RBCAA) Reaches New 52-Week High at $51.66

Republic Bancorp, Inc. (NASDAQ:RBCAA)’s share price reached a new 52-week high on Monday . The company traded as high as $51.66 and last traded at $51.66, with a volume of 405 shares changing hands. The stock had previously closed at $50.34.

The firm has a market capitalization of $1.06 billion, a PE ratio of 12.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.02 and a current ratio of 1.03. The business’s 50 day moving average is $49.47 and its two-hundred day moving average is $47.00.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Thursday, July 22nd. The bank reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $65.40 million during the quarter. Republic Bancorp had a net margin of 26.81% and a return on equity of 9.37%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Friday, September 17th will be issued a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, September 16th.

In other news, EVP Steven E. Deweese sold 600 shares of Republic Bancorp stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $50.01, for a total transaction of $30,006.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 52.90% of the company’s stock.

Several large investors have recently modified their holdings of RBCAA. IndexIQ Advisors LLC bought a new position in shares of Republic Bancorp during the first quarter valued at about $393,000. BNP Paribas Arbitrage SA raised its stake in shares of Republic Bancorp by 56.2% during the first quarter. BNP Paribas Arbitrage SA now owns 4,722 shares of the bank’s stock valued at $209,000 after acquiring an additional 1,698 shares during the last quarter. BlackRock Inc. raised its stake in shares of Republic Bancorp by 4.7% during the first quarter. BlackRock Inc. now owns 1,065,582 shares of the bank’s stock valued at $47,196,000 after acquiring an additional 47,853 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Republic Bancorp by 44.7% during the first quarter. Acadian Asset Management LLC now owns 9,410 shares of the bank’s stock valued at $416,000 after acquiring an additional 2,908 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Republic Bancorp by 5.6% during the first quarter. UBS Group AG now owns 8,944 shares of the bank’s stock valued at $396,000 after buying an additional 474 shares during the period. 26.61% of the stock is owned by hedge funds and other institutional investors.

About Republic Bancorp (NASDAQ:RBCAA)

Republic Bancorp, Inc operates as a financial holding company. Its services include personal, business, mortgages, lending, treasury management, and private banking. It operates through the following business segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions.

Further Reading: Growth and Income Funds

Receive News & Ratings for Republic Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.