Republic Bancorp (NASDAQ:RBCAA) Hits New 52-Week High - Still a Buy?

Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $70.11 and last traded at $70.11, with a volume of 6379 shares changing hands. The stock had previously closed at $67.03.

Analyst Upgrades and Downgrades

Separately, Hovde Group upped their target price on shares of Republic Bancorp from $68.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, October 18th.

Republic Bancorp Trading Up 3.8 %

The company's fifty day moving average price is $64.11 and its two-hundred day moving average price is $57.68. 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 firm has a market cap of $1.35 billion, a P/E ratio of 12.98 and a beta of 0.52.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last posted its earnings results on Friday, October 18th. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.92%. The business had revenue of $118.36 million for the quarter.

Insider Transactions at Republic Bancorp

In other Republic Bancorp news, EVP Christy Ames sold 1,715 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $63.72, for a total transaction of $109,279.80. Following the sale, the executive vice president now owns 4,240 shares of the company's stock, valued at $270,172.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Republic Bancorp news, EVP Christy Ames sold 1,715 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $63.72, for a total transaction of $109,279.80. Following the sale, the executive vice president now owns 4,240 shares of the company's stock, valued at $270,172.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Juan Montano sold 2,750 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $63.37, for a total transaction of $174,267.50. Following the sale, the executive vice president now directly owns 8,558 shares in the company, valued at approximately $542,320.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,715 shares of company stock valued at $299,172. 56.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Innealta Capital LLC bought a new position in shares of Republic Bancorp in the 2nd quarter valued at about $67,000. Acadian Asset Management LLC acquired a new stake in shares of Republic Bancorp in the 2nd quarter valued at approximately $87,000. SG Americas Securities LLC acquired a new stake in shares of Republic Bancorp in the 3rd quarter valued at approximately $205,000. Independence Bank of Kentucky raised its position in shares of Republic Bancorp by 4,133.3% in the 2nd quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank's stock valued at $170,000 after acquiring an additional 3,100 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Republic Bancorp in the 3rd quarter valued at approximately $208,000. Institutional investors own 24.37% of the company's stock.

About Republic Bancorp

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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