Republic Bancorp (NASDAQ:RBCAA) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Republic Bancorp, Inc. (NASDAQ:RBCAA) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $83.56 and traded as high as $97.08. Republic Bancorp shares last traded at $96.67, with a volume of 74,442 shares changing hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a report on Friday, September 4th. Raymond James Financial started coverage on shares of Republic Bancorp in a research report on Wednesday, September 2nd. They issued a “hold” rating for the company. Zacks Research upgraded shares of Republic Bancorp to a “hold” rating in a research note on Monday, July 13th. Finally, Hovde Group raised their price target on shares of Republic Bancorp from $80.00 to $98.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $98.00.

Republic Bancorp Trading Down 0.3%

The firm has a market capitalization of $1.84 billion, a P/E ratio of 14.32 and a beta of 0.53. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $95.24 and a 200-day moving average of $83.72.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings data on Friday, July 24th. The bank reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.13. The firm had revenue of $101.27 million for the quarter, compared to analyst estimates of $97.60 million. Republic Bancorp had a return on equity of 11.20% and a net margin of 25.38%. On average, equities research analysts predict that Republic Bancorp, Inc. will post 6.65 earnings per share for the current fiscal year.

Republic Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, September 18th will be given a $0.495 dividend. The ex-dividend date is Friday, September 18th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.1%. Republic Bancorp’s dividend payout ratio (DPR) is presently 30.23%.

Institutional Investors Weigh In On Republic Bancorp

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Republic Bancorp by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 928,367 shares of the bank’s stock valued at $65,496,000 after buying an additional 5,656 shares in the last quarter. Empowered Funds LLC raised its position in Republic Bancorp by 6.1% during the first quarter. Empowered Funds LLC now owns 78,246 shares of the bank’s stock valued at $5,520,000 after purchasing an additional 4,511 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Republic Bancorp by 27.2% during the first quarter. Renaissance Technologies LLC now owns 46,300 shares of the bank’s stock worth $3,266,000 after purchasing an additional 9,900 shares during the last quarter. Formidable Asset Management LLC boosted its holdings in shares of Republic Bancorp by 0.6% in the 1st quarter. Formidable Asset Management LLC now owns 30,972 shares of the bank’s stock valued at $2,137,000 after purchasing an additional 196 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Republic Bancorp by 10.4% in the 1st quarter. Lazard Asset Management LLC now owns 22,702 shares of the bank’s stock valued at $1,602,000 after purchasing an additional 2,136 shares in the last quarter. 24.37% of the stock is currently owned by institutional investors and hedge funds.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a Louisville, Kentucky-based bank holding company and the parent organization of Republic Bank & Trust Company. Founded in 1974, the company provides banking and financial services to consumers, businesses and institutions through its banking operations and specialty finance businesses.

Republic Bank offers deposit accounts, residential and commercial loans, consumer lending, treasury management, wealth management and other traditional banking products. Its services are delivered through banking centers and digital channels, with a primary presence in Kentucky and additional operations in selected markets including Indiana, Florida and Tennessee.

The company also operates specialty finance businesses, including tax refund-related services that support tax preparers and consumers nationwide.