Republic Bancorp (NASDAQ:RBCAA) Sees Strong Trading Volume - Time to Buy?

Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 19,400 shares were traded during mid-day trading, a decline of 16% from the previous session's volume of 22,979 shares.The stock last traded at $66.70 and had previously closed at $67.80.

Wall Street Analyst Weigh In

Separately, Hovde Group lowered their price objective on Republic Bancorp from $72.00 to $70.00 and set a "market perform" rating for the company in a research report on Monday, January 27th.

Republic Bancorp Stock Up 1.8 %

The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.30 billion, a PE ratio of 12.80 and a beta of 0.54. The business's 50-day moving average price is $69.50 and its 200-day moving average price is $67.57.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last posted its earnings results on Friday, January 24th. The bank reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.22). Republic Bancorp had a net margin of 20.05% and a return on equity of 10.60%.

Republic Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.451 per share. This is a positive change from Republic Bancorp's previous quarterly dividend of $0.41. The ex-dividend date is Friday, March 21st. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. Republic Bancorp's payout ratio is 31.17%.

Insider Activity

In other news, Director Heather V. Howell sold 1,496 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.63, for a total transaction of $113,142.48. Following the completion of the sale, the director now owns 7,491 shares in the company, valued at $566,544.33. The trade was a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John T. Rippy sold 3,082 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $65.99, for a total value of $203,381.18. Following the completion of the transaction, the executive vice president now owns 23,105 shares in the company, valued at $1,524,698.95. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,984 shares of company stock valued at $409,910. 55.50% of the stock is owned by company insiders.

Institutional Trading of Republic Bancorp

A number of hedge funds have recently bought and sold shares of RBCAA. Vanguard Group Inc. raised its stake in shares of Republic Bancorp by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 514,866 shares of the bank's stock valued at $35,974,000 after acquiring an additional 19,756 shares during the period. Geode Capital Management LLC increased its position in Republic Bancorp by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 219,628 shares of the bank's stock valued at $14,345,000 after buying an additional 9,430 shares in the last quarter. State Street Corp lifted its stake in shares of Republic Bancorp by 2.2% during the third quarter. State Street Corp now owns 210,298 shares of the bank's stock worth $13,816,000 after buying an additional 4,429 shares during the period. American Century Companies Inc. lifted its holdings in shares of Republic Bancorp by 14.0% during the fourth quarter. American Century Companies Inc. now owns 186,117 shares of the bank's stock worth $13,004,000 after purchasing an additional 22,818 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Republic Bancorp by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 100,794 shares of the bank's stock worth $6,582,000 after buying an additional 2,098 shares during the last quarter. Hedge funds and other institutional investors 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.