Republic Bancorp (NASDAQ:RBCAA) Sees Large Volume Increase - Time to Buy?

Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) saw an uptick in trading volume on Tuesday . 33,309 shares traded hands during mid-day trading, an increase of 60% from the previous session's volume of 20,767 shares.The stock last traded at $65.69 and had previously closed at $64.09.

Wall Street Analyst Weigh In

Separately, Hovde Group boosted their price objective on shares of Republic Bancorp from $64.00 to $69.00 and gave the stock a "market perform" rating in a research note on Friday.

Republic Bancorp Trading Down 0.9 %

The company has a 50 day moving average of $64.49 and a two-hundred day moving average of $68.42. The stock has a market capitalization of $1.31 billion, a PE ratio of 12.81 and a beta of 0.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last released its earnings results on Thursday, April 24th. The bank reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.56. Republic Bancorp had a net margin of 20.05% and a return on equity of 10.60%. The company had revenue of $135.84 million during the quarter, compared to analysts' expectations of $126.90 million.

Insider Activity at Republic Bancorp

In other Republic Bancorp news, Director David P. Feaster sold 1,406 shares of Republic Bancorp stock in a transaction that occurred on Wednesday, January 29th. The shares were 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 directly owns 4,303 shares in the company, valued at approximately $285,805.26. The trade was a 24.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John T. Rippy sold 3,082 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $65.99, for a total transaction of $203,381.18. Following the completion of the sale, 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. 56.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RBCAA. New York State Teachers Retirement System increased its holdings in shares of Republic Bancorp by 659.0% during the 4th 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 acquired a new stake in Republic Bancorp during the fourth quarter valued at $70,000. Tower Research Capital LLC TRC increased its holdings in Republic Bancorp by 206.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank's stock valued at $77,000 after buying an additional 742 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of Republic Bancorp in the first quarter worth about $128,000. Finally, Sei Investments Co. purchased a new stake in shares of Republic Bancorp during the 4th quarter worth about $208,000. 24.37% of the stock is currently owned by hedge funds and other institutional investors.

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.