Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $69.59 and last traded at $69.00, with a volume of 4580 shares. The stock had previously closed at $67.75.
Analyst Ratings Changes
Separately, Hovde Group raised their target price on shares of Republic Bancorp from $68.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday.
Check Out Our Latest Research Report on Republic Bancorp
Republic Bancorp Trading Up 2.0 %
The stock has a market capitalization of $1.87 billion, a P/E ratio of 14.52 and a beta of 0.52. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $63.12 and a two-hundred day moving average price of $56.94.
Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its earnings results on Friday, July 19th. The bank reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). The firm had revenue of $116.05 million during the quarter. Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%.
Insider Buying and Selling
In related news, Director David P. Feaster sold 789 shares of Republic Bancorp stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total transaction of $52,002.99. Following the sale, the director now directly owns 5,487 shares of the company's stock, valued at approximately $361,648.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Christy Ames sold 1,715 shares of Republic Bancorp stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $63.72, for a total transaction of $109,279.80. Following the sale, the executive vice president now directly owns 4,240 shares of the company's stock, valued at approximately $270,172.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David P. Feaster sold 789 shares of the company's stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total value of $52,002.99. Following the completion of the transaction, the director now directly owns 5,487 shares of the company's stock, valued at $361,648.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,078 shares of company stock worth $1,170,715 in the last ninety days. 55.50% of the stock is owned by insiders.
Institutional Trading of Republic Bancorp
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC acquired a new position in shares of Republic Bancorp in the third quarter worth approximately $208,000. Creative Planning bought a new stake in shares of Republic Bancorp in the 3rd quarter valued at $261,000. SG Americas Securities LLC acquired a new stake in shares of Republic Bancorp during the third quarter worth $205,000. Renaissance Technologies LLC raised its stake in Republic Bancorp by 5.5% during the second quarter. Renaissance Technologies LLC now owns 40,200 shares of the bank's stock worth $2,155,000 after buying an additional 2,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Republic Bancorp by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank's stock valued at $51,040,000 after buying an additional 8,382 shares during the period. 24.37% of the stock is currently owned by institutional investors and hedge funds.
About Republic Bancorp
(
Get Free Report)
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.
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