Republic Bancorp (NASDAQ:RBCAA) Sees Large Volume Increase - Should You Buy?

Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 21,042 shares traded hands during trading, a decline of 6% from the previous session's volume of 22,386 shares.The stock last traded at $65.94 and had previously closed at $68.28.

Wall Street Analysts Forecast Growth

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

Republic Bancorp Trading Up 0.8 %

The firm has a fifty day simple moving average of $67.09 and a two-hundred day simple moving average of $68.45. The firm has a market capitalization of $1.29 billion, a P/E ratio of 12.68 and a beta of 0.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The bank reported $0.98 earnings per share for the quarter, missing the consensus estimate 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. Stockholders of record on Friday, March 21st will be issued a $0.451 dividend. This is a positive change from Republic Bancorp's previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, March 21st. Republic Bancorp's dividend payout ratio (DPR) is presently 34.42%.

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Insider Transactions at Republic Bancorp

In related news, Director David P. Feaster sold 1,406 shares of Republic Bancorp stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $66.42, for a total transaction of $93,386.52. Following the completion of the sale, the director now owns 4,303 shares of the company's stock, valued at approximately $285,805.26. This trade represents a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John T. Rippy sold 3,082 shares of Republic Bancorp stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $65.99, for a total value of $203,381.18. Following the sale, the executive vice president now directly owns 23,105 shares of the company's stock, valued at $1,524,698.95. This represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 55.50% of the company's stock.

Institutional Investors Weigh In On Republic Bancorp

Large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its position in Republic Bancorp by 659.0% during the fourth quarter. New York State Teachers Retirement System now owns 759 shares of the bank's stock valued at $53,000 after purchasing an additional 659 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Republic Bancorp during the fourth quarter valued at about $70,000. Tower Research Capital LLC TRC raised its position in Republic Bancorp by 206.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank's stock valued at $77,000 after purchasing an additional 742 shares in the last quarter. Sei Investments Co. purchased a new stake in Republic Bancorp during the fourth quarter valued at about $208,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Republic Bancorp during the third quarter valued at about $224,000. 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.